On the chart of BalkrisInd there were two Doji candles and then a down reversal candle that shows weakness on the charts at the top. After 3 days of inside candles, Today BalkrisInd gave a breakdown and in this swing, this may fall down to touch its support of 1170-1200. From here one may short this stock with the stop loss of 1310 or Buy Put.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.