BALKRISIND POSITIONAL VIEW BASIS PRICE ACTION

BALKRISIND

• Fake Out followed by Huge selling seen on 9 Feb
  
• The resistance zone is shifting lower indicating higher presence of sellers
  
• The Trendline is the first line of defence followed by the last support in the range of 1509-1529
  
• TWO Possible trading setup's basis the trading style
  A]Breakdown or breakdown and retest of support turned resistance (1509-1529) would trigger SELL
  B] Breakdown of Trendline and/or Retest of Trendline
  
• Stop Loss would be above 1653
  
• Targets as indicated in Charts
  

Leave a LIKE if you have learnt something from this analysis. Share and Comment would be appreciated as your way of showing gratitude !!!