praveen.bhatiya

Action/Reaction Buy

Lång
praveen.bhatiya Uppdaterad   
NSE:BALKRISIND   BALKRISHNA INDS
The stock has broken beautiful center line which could be used for making a Action/Reaction set as explained by Andrews. Today's spike could be due to high volatility in the opening session. Demand is seen at that level. RSI reading above 50 is also confirming the decision so one can go long with following Entry/SL/Target.

Entry 1145
Sl 1105
Target 1225 - 1250
Risk/Reward 2 for the lowest target

Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.
Handel aktiv
Handel aktiv:
It has closed slightly below the SL but continued for this small variation.
Trade stängt: Stopp nått

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