Potential Swing Long: Berger Paints

5 days ago

• Berger is on an important support zone, this zone is respected from Apr 2020, its also near its golden ratio zone of 0.618 levels.
  
• Currently its continuing the downtrend once the downtrend is broken and price gives a positive close, we can initiate a long above i.e 465 level.
  
• There is a unmitigated Order Block below so if the range is broken and price descends down we can take a new entry from the liquidity level once we get a positive closing.
  
• Early Entry can be initiated with a strict SL, if a traps occurs below accumulation phase we can increase quantity near unmitigated Order Block.
  

Note: This is just for analysis purpose, please do your own research before punching any orders.

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