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BALKRISIND has broken a major trendline..! Is it time to short?

BALKRISHNA INDUSTRIES LTD. (BSE:BALKRISIND)  
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BSE:BALKRISIND   BALKRISHNA INDUSTRIES LTD.
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BALKRISIND has broken a major trendline. Is it time short?

I believe that there are chances for a fibonnachi 50 retracement. But if we get a breakdown at this level then we we could see a sharp fall.
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