Bullish on Balakrishna Industries(1hour)
- Above 50>100>200 Moving Averages
- Trend line breakout
- Macd Crossover
- Previous Resistance is the target 🎯
BKT
BKT BANKINTER BULLISH - BROKEN WEEKLY RESISTANCE BKT SA BKT BANKINTER BULLISH - BROKEN WEEKLY RESISTANCE BKT SA
ASX:BKT - Potential 70% playI like the look of BKT here, my trading plan is as follows.
My reasoning:
Location: Reload zone
Structure: Double bottom off the 786
Divergence: Confirmed div in histogram and willy (coming out of stupid). RSI is bullish, looking to cross 50. "W" in OBV about to cross 13EMA.
Trend: Break of bearish trend commencing June '19
VPVR: Retracement lining up with the POC
Gap below: Nice entry location
Looking to buy in the green box as an optimal trade entry - "reload zone within a reload zone". Red box will be the target, lining up with the top of VPVR value.
Side note: Similar play and setup to the ASX:PLS analysis posted below.
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