Balkrishna industries: Analysis

Keep an eye on balkrishna industries as it is has broken inverted H&S pattern + it is at the crucial zone of support in daily time frame.
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Reason to Buy:
1) Formation of inverted H&S pattern.
2) Taking support at crucial support zone in daily time frame.
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Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels.
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Take trade by considering RR ratio in mind. Wait for retracement.

Kommentera:

Entered into the trade. For safe entry wait for a retracement.

Handel aktiv:

Good profit in progress.
This stock is in an uptrend for 2 consecutive days one negative candle is possible, trail your stop loss as per your RR ratio.

Handel aktiv:

Still holding on to this trade

Handel aktiv:

Still holding

Kommentera:

Good Profit in Progress.