Berger Paints - Short Term Buy - 26/4/2022
Hi,
This is a daily chart of Berger Paints.
It looks good for a short term.
It Looks a good buy above 725.50, with a SL of 712.50 and target of 745 and 770.
The current TF Macd is strong and is giving a buy. Its above Zero line.
Although the weekly MACD is below zero line, but it has given a crossover, so longs can be initiated for short term.
Rsi is above 50, another positive aspect.
Risk reward is also good, high probablity it will touch 770 in coming days.
Currently finding support at the Lower channel and high probablity it will touch upper channel in coming days.
Disc : Educational Purpose only
Neo
This is a daily chart of Berger Paints.
It looks good for a short term.
It Looks a good buy above 725.50, with a SL of 712.50 and target of 745 and 770.
The current TF Macd is strong and is giving a buy. Its above Zero line.
Although the weekly MACD is below zero line, but it has given a crossover, so longs can be initiated for short term.
Rsi is above 50, another positive aspect.
Risk reward is also good, high probablity it will touch 770 in coming days.
Currently finding support at the Lower channel and high probablity it will touch upper channel in coming days.
Disc : Educational Purpose only
Neo
Trade active:
Trade is active. It has gone above 725.50