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
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