Thenali_Views

Burger King Ltd - Long

Long
NSE:BURGERKING   BURGER KING INDIA LTD
Hi Guys,

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We are going to analysis the script Burger King Ltd!!!

The script was in the Bullish Trend and the script closes above the resistance zone of 184.70 where the Bullish Engulfing Pattern was found which clearly confirm the script was in the uptrend.

The script was also above the CPR .
Hence the script has good protentional to move above.

Support : 184.70 (Resistance turned Support post breakout) , 165, 150.75 and 133
Resistance: 213.70 ( All time High Currently)

Buy Above - 184.70
Target - 213
SL - 181.80 ( Closes below in Daily Time Frame)

Regards,
Thenali views,
Disclaimer: Kindly do your own analysis before executing the trade or
Contact your financial advisor and I am not a SEBI Registered Analyst.
Trade closed: stop reached
Thanks,
Thenali views
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Disclaimer: Kindly do your own analysis before executing the trade or
Contact your financial advisor and I am not a SEBI Registered Analyst.

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Comments

at time of retracement, I would like to trade my any bullish candlestick pattern closed at Area of value..
Reply
the retracement Candle is not closed above 184.70.. hence I am yet to trade. that I commented to buy the script once it's closed above..
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once script closes above 184.70 go for buy....
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@Thenali_Views It has hit the stop loss
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@Sunny102s - the retracement Candle is not closed above 184.70.. hence I am yet to trade. that I commented to buy the script once it's closed above..
Reply
@Sunny102s - at time of retracement, I would like to trade my any bullish candlestick pattern closed at Area of value..
Reply
@Sunny102s - but if any trade Executed at 184.70, I accept the stop Loss is hit.. the trade should close today...
Reply
@Sunny102s - Henceforth, I will mention the entry when a retracement closes above or sustainable above the area of value in bullish sign..
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