as market is in demand for reality sector ...and many more festivals are on way so demand of any paint is high . One of this is berger paint .
You can go for Long and if market is in positive mood .. it will gain almost 50+ points . & you can do Intra trade as per your skill and risk.
# WATCH MARKET IF ITS IN POSTIVE THEN HOLD , OTHER WISE GO FOR INTRADAY .
BUY...
Can buy Berger Paints for a Swing Trade. Target mentioned on the chart, also there is Fibonacci Retracement which will act as a strong resistance, if it break that, an all time high will be seen. Only buy above 741. Only for educational purpose.
Berger paints consolidation at the current levels. Buy only above 741 candle close with a stop loss of the blue trend line. Can buy half quantity at the trigger price and another half at the candle close above 741 for risky traders.
Reversal can be seen in the candle sticks pattern as well as on RSI indicator. MACD about to cross the signal line too. Keep on radar.
Disclaimer: Not a recommendation, education purpose
I will buy BERGEPAINTS because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 706
Target : 815
Stop loss : 680
Berger Paints is following the lower trend line and expected to see the support again.
Intraday Trades would be posted in our TradePro group.
Happy Trading!
InvestPro India Team
