Balkrishna Industries Ltd. - CAN FIB LEVEL BE CROSSED??

٣ يونيو ٢٠٢٠

Balkrishna Industries Ltd.
The stock has retraced back to 78.6% of the fall and is taking resistance at 1163-1170 price zone.

In the hourly chart, RSI divergence is seen. On the downside, the prices took Support from the historical support price of 1125.

If the price does not cross 1167 with volume and closes below 1120 & shows conviction, more bearishness can be seen.

KEEP AN EYE!!
#tradingedge_academy #SMTA_institute

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