Intraday view - Buy Balkrishna Industries if the high of the Doji is broken tomorrow market time keeping low of the Doji as a stop loss.
Positional view - Buy Balkrishna Industries at the end of the market (15:15 - 15:30) if you see it is ending as green that day. Green candle post doji gives confirmation.
Risk: Reward - 1: 2.5
TSL Levels are easily explainable in the charts.
Stop loss is on closing basis i.e. book the loss if the price stays below the stop loss on the verge of market closing. (Tip: Just check after 15 mins before market closing i.e. 15:15)
Comment
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It gapped up today but ended the day as a red candle. Trade is not active.
Comment
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A green candle has formed today and likely to sustain; buy it.
Trade closed: stop reached
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The stop-loss has been reached today. Our entry was at 1135! Stoploss at 1120. It made a loss of 15 points so far.