mklives
Short

Berger Paints.. negative divergence

NSE:BERGEPAINT   BERGER PAINTS IND
Berger Paints gave a stellar moveand is now tired at 480s.
forming negative divergence, short wil SL 488 cash orice,

the futures price is at a discount to the cash price, so trade accordingly

trgts 470 462 cash levels
Comment: 470 achieved.. hold for lower targets. short on rise..
Trade closed manually: SL hit, but its a short on rise. can test 495 500

Comments

Stop-loss Hit
+1 Reply
Great call
Reply
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