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Sidewaystrend

Berger paints ready for upward trend ?Berger paints as on 17/5/21 CONDITION 1 1. Current Trend: Sideways 2. Trading near its resistance level. 3. Tested resistance level many times. 4. Resistance level: Around 770 5. support level: Around 700 6. RSI > 60 7. MACD: Fast length above the small length 8. Volume: Higher volumes past two days Thought process: If the price in near future breaks resistance level with high volume, a buy trade could be generated. Target: (5%) Around 808-810 (10%) Around 847-850 Stoploss: Around 735-740 CONDITION 2 If unable to break resistance level and move downwards in near future... we will initiate a sell trade. Target: Support level stop-loss: Resistance level
NSE:BERGEPAINTLong
by nipun_garg7383