tradepurge

BERGER PAINTS Pullback Breakout

NSE:BERGEPAINT   BERGER PAINTS IND
BERGEPAINT showing a clear pullback move on daily timeframe candle.
Preceding impulsive red candle with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction.

Long above 498. 40
Short below 488.90

Target 1% in either direction.

NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Trade active: Long entry triggered @ 9:30 am
Trade closed: stop reached: Gave a fake long breakout. No momentum.

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