Balkrishna Ind can go down

As Per Elliott wave theory BALKRISIND looks bearish for short time, formed channel in wave C expecting minute Wave 5 will reach till fibo ratio 0.786 or 1688, and possibly reverse. if price goes beyond the invalid line or breaks channel upward then markings need to recheck.
Risk management is Imp, use stop loss, Happy trading.
balkrishnaindBearish PatternselliottwaveanalyisElliott WaveshortsellTrend Analysis

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