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tradepurge
Jun 10, 2020 8:13 PM

BERGER PAINTS Pullback Breakout 

BERGER PAINTS INDNSE

Description

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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