Balkrishna Industries bearish engulfing

Diupdate
Balkrishna Industries formed a bearish egulfing pattern on daily chart with great volume .
It had been consolidating near a resistance but couldnt breakout and now it has formed a bearish reversal pattern..
targets can be 200 ema on daily timeframe or around 2060...
analysis is only for educational purpose
Catatan
SL above engulfing candle
Chart Patterns

Pernyataan Penyangkalan