Balkrishna Industries – Downtrend resumes ?
Diupdate
Balkrishna Industries 
BALKRISIND failed to cross the crucial resistance around 1139 levels today.
I can see that the stock price got rejected after retracing 61.8% of the previous downmove.
Good opportunity to short here with a stop loss around 1140 levels for targets of 1082 and 1038.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
BALKRISIND failed to cross the crucial resistance around 1139 levels today.I can see that the stock price got rejected after retracing 61.8% of the previous downmove.
Good opportunity to short here with a stop loss around 1140 levels for targets of 1082 and 1038.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Catatan
Cracked nicely !!...has given huge movement on the downside as anticipated !Catatan
Hit the final target today !!
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