NSE:BERGEPAINT   BERGER PAINTS IND
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5
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Hello Every one , I think few people have repeatedly asked me about Trend line and What i mean by sell on rise
I would like to Explain it so that you Guys can understand
01) Sell on Rise me , Usually I am forecasting as Price are moving in weak , that means most of market participants are selling and there is likely it will not sustain the further rally ,
02) Specified area or Zone i refer here , Not necessary it has to make that level , but its one of the possible levels ,
03) How you can take trade , You have to take trade only with reversal sign , that means when any trend is broken and it turns the other way , You will identify it as market direction and you will take the trade only with confirmation
04) I do not provide any kind of Educational services , But i have posted few charts as Educational , which i feel it is necessary for fresh or new retail when visit them can understand it and try to act with market direction
Regarding this Scrip
This one is moving in weak and that means you can look for selling short in Futures , currently due to Crude is low so the Paint scrips are moving up side , but Buying is not a Good option, One can look for selling Opportunity
05) I do not advise for Options selling or buying Until the person is self sufficient , as i have received few Personal message asking for Options Trade recommendations , they are time & price value , So i advise its not suitable for everyone , New People in Stock market do not try to Trade Options
Good Luck
Trade active: Actually you can buy this , for forecast target and look for exit with trailing stop
Good explanation. I have a doubt regarding point 3. How do you check if a trend is broken and confirm? Since it is now going upwards and was going downwards till two days back. To me, its going sideways. At what point you would see the reversal trend and how? Do I check it your mentioned levels(298)? What I infer from your chart/post is since after going down and now going up I should see the next reversal sign. Please correct me if I am wrong.
Just to be clear, I normally see 1 day candle and at close. On your other posts you mentioned to check for 1 hr, 4hr candle.
Thanks for the explanation again.
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I-Fund-Trader sachin1337
@sachin1337, Yes You should look for completing the current pattern and then Look for reversal and Every trade have to take with confirmation , I have strategy which suites my trading and have proven so far , the information is given only for understand purpose , You have to take decision how you take regulatory
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