TradingView
johntradingwick
Jan 30, 2023 1:54 PM

Berger Paints - Possible investment opportunity Long

BERGER PAINTS INDNSE

Description

Key highlights:

- Sitting in the monthly demand zone
- Hovering around 200-week EMA since May 2022
- Can give a positive reaction if buyers turn up
- Possible bear trap in formation
- 100 month EMA is just below the demand zone
- Seems like a good investment opportunity

Monthly - 50 EMA and 100 EMA for reference


Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView

Comment

Analysis of the daily time frame.

Comments
AMIT-RAJAN
Today and yesterday you published all charts are super with lots of study material 👌
AMIT-RAJAN
Great to see so many publications from your side, read all description in all chart you published today thank you so much for sharing it actually helped beginners like me in technicals 🤝
Sonia-Singh
It was an excellent timing, price never came down after this publication, thank you for a great sharing
ASHOK7K
19735
ASHOK7K
Tomorrow Nifty might touch 19835 spread this around
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