BALKRISIND near to breakout

After a good movement from 1100 to 1300 stock is went into correction mode.

Range bound from last 10 days.Moving between demand & supply zone.

Might be continue bullish trend or vice versa.

For breakout following points we need to consider.

Need to break resistance level 1260-1263.

Need to break resistance trendline with vol.

RSI > 50

Note - Balkrishna Industry chart is similar as previous week nifty chart, so might be result will be as Nifty.

Kommentera:

finally breakout on last Friday.