BERGER PAINT LONG INTRADAY (15 min candles) The following analysis is based on the concept of simple break and retest of previous resistance zone.
* The resistance zone of 560-560 was successfully broken as shown in the first arrow.
* The retest of the zone was followed next and the price can be seen bouncing off the newly created support zone which prior to this was resistance zone.
* can go long above 570 on monday (14th sep 2020).
* SL below 565
* TARGET 1 - 580
TARGET 2 - 585
BERGEPAINT trade ideas
BERGER PAINTSNSE:BERGEPAINT
THE BREAKOUT THAT HAS COME ON TRENDLINE IS GOOD, ALSO THE CLOSE IS ABOVE CRITICAL LEVELS OF 552
THIS CAN BE BOUGHT WITH A SL OF 552 FOR 562, 570, 580, 587.
IF GOING FOR AGGRESSIVE TARGETS, KINDLY TRAIL YOUR STOP LOSSES
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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