Balkrishna Industries is in Overbought zone and RSI is also showing bearish Divergence
MACD's signal line is also forming a bearish curve and may show a crossover soon
Bollinger Band is also expanding which shows the sentiment of Bears is very high and they are very confident for a Bearish Move
A Bearish Engulfing pattern has been formed which shows Bears are dominating Bulls and which pull the stock downward for sure
It can't get clearer than this, a correction is surely expected
Happy Trading .......
MACD's signal line is also forming a bearish curve and may show a crossover soon
Bollinger Band is also expanding which shows the sentiment of Bears is very high and they are very confident for a Bearish Move
A Bearish Engulfing pattern has been formed which shows Bears are dominating Bulls and which pull the stock downward for sure
It can't get clearer than this, a correction is surely expected
Happy Trading .......
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HOLD BALKRISIND AND UPDATE SL TO 923.45 AS WE HAVE NET PROFIT HOLD NET PROFIT OF RS 10.15