Bal Krishna Ind 15 min chart
1. Bearish divergence in RSI
2. LTP: 1967.15
3. Resistance zone: 1974 to 1983
4. Support zone: 1918 to 1925
Sell on rise
1. I think that the support zone might be compromised
2. Risk to reward ratio is very good
Balkrishna had dropped heavily in recent days..... However, the down move stopped and went into consolidation even though the general market was falling.....
This is a possibility of a short-term pullback rally.
Balkrishna had dropped heavily in recent days..... However, the down move stopped and went into consolidation even though the general market was falling.....
This is a possibility of short-term pullback rally.