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...
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.
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!!!
On all TFs Stock is moving above the 50 EMA level & in uptrend. We will wait for the break out level @ 522. After the breakout level entry can be taken for long as per target level given of 580. But level of 545 is crucial, We have seen minor resistance if this successfully cross then stock will move very fast. Also on daily TF double bottom pattern formation can...