Keep an eye on balkrishna industries as it is has broken inverted H&S pattern + it is at the crucial zone of support in daily time frame. . Reason to Buy: 1) Formation of inverted H&S pattern. 2) Taking support at crucial support zone in daily time frame. . Next Safe buying spot would be at 1287.00 levels. Stop loss should be at 1246.15 levels. . Take trade by considering RR ratio in mind. Wait for retracement.
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Entered into the trade. For safe entry wait for a retracement.
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Good profit in progress. This stock is in an uptrend for 2 consecutive days one negative candle is possible, trail your stop loss as per your RR ratio.