BALKRISHNA INDS

BALKRISHNA INDS

BALKRISIND has given a breakout above the resistance 1166.

RSI is still above 60.
***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH***
***TE BANDS ARE IN GREEN ZONE***

If the price breaks the trendline, we might see a swift move to 1275.

However, when observed closely, I can notice a mild divergence in RSI, may be due to the big red candle formed today.

Going by the rules, if the prices break the support of 1124, we might see a temporary fall in the stock price.

KEEP AN EYE!!
#tradingedge_academy #SMTA_institute

***this is my personal view. Please take advice from your financial advisor before investing.