Hiii this is trader kanishk
here we saw a prefect breakout of flag pattern of ASCENDING TRIANGLE Pattern
second. there is a retracement on lower time frame which we consider as an opportunity.
i've drawn an trendline . After breakout i am going to buy this.
i am not recommending you, i am just sharing my analysis here.
Berger paints is looking for breakout in daily time frame. Although it is bearish in 30 minutes and 1 hour time frame with a hammer candle. We will look for buying opportunity above the orange line or any bullish candle in 30 minutes time frame. 1st target 10 points and 2nd target is also 10 points above the orange line.
Stock of the berger paint has shown the good strength & buying .Above the level of 521 we can take the entry for the target level of 530. Again if we got another BO after the trend line broken than the next target level is 550. So add the stock in your watch list for price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more...
This is your friend KANISHK
Watch this video till the end, because i have told a very important part (strategy) of my trading technique.
I have discusses everything for burger paint and cleared the view that, do we have to buy this stock or not?
Please follow all the steps discussed in the video and then take your decision after confirming the...
Breakout of triangle pattern is identified in BERGERPAINT , Long BERGERPAINT with potential return of 8.00 % maintaining good risk reward ratio of 2:1 approximately.
ENTRY : 554
TARGET : 595
STOPLOSS : 533.50
DISCLAIMER : This recommendation is for educational purpose only, consult with your investment advisor before initiating any trade.
BERGEPAINT showing a clear pullback move on daily timeframe candle.
Preceding impulsive red candle with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction.
Long above 498.40
Short below 488.90
Target 1% in either direction.
NOTE: Trade with confirmation of momentum & volume on lower...
BUY only if it breaks the trend line with good volume. Stock above 510 looks bullish to me.
Target 1- 519, T2 -529, T3-539
SL = Tight SL according to your risk!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!