๐ **BALKRISIND - Completing Correction Structure**
Balkrishna Industries is in the final stages of its correction, delineating an ABC correction structure.
๐ **Swing Trade Analysis:**
The optimal buying zone for a swing trade is identified between 2508 to 2487, with a structured stop-loss set at 2472.
๐ผ **Trade Metrics:**
Anticipate an attractive Risk/Reward ratio of 1:6.33. This translates to a potential return of 6% against a minimal loss of 0.95%.
๐ **Target Price:**
The target for this swing trade is set at 2646.
๐ **Conclusion:**
BALKRISIND's correction completion offers a promising trade opportunity. Rigorous risk management is advised.
#BALKRISIND #SwingTrading #TechnicalAnalysis #MarketInsights ๐โจ
Balkrishna Industries is in the final stages of its correction, delineating an ABC correction structure.
๐ **Swing Trade Analysis:**
The optimal buying zone for a swing trade is identified between 2508 to 2487, with a structured stop-loss set at 2472.
๐ผ **Trade Metrics:**
Anticipate an attractive Risk/Reward ratio of 1:6.33. This translates to a potential return of 6% against a minimal loss of 0.95%.
๐ **Target Price:**
The target for this swing trade is set at 2646.
๐ **Conclusion:**
BALKRISIND's correction completion offers a promising trade opportunity. Rigorous risk management is advised.
#BALKRISIND #SwingTrading #TechnicalAnalysis #MarketInsights ๐โจ
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.