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TeddyBear8884

BERGERPAINT – Long Opportunity for a Swing Trade

Long
BERGER PAINTS IND (NSE:BERGEPAINT)  
TeddyBear8884 Updated   
NSE:BERGEPAINT   BERGER PAINTS IND
Trend Analysis Technical Indicators bergerpaints trend trendanalyse nse stockmarketindia
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trendanalysis indicator bergerpaints trend trendanalyse nse stockmarketindia
Bergerpaint had been in a recent up trend post which there has been a retracement and it’s taking support on 0.618 levels. Considering the Fibonacci levels, we are expecting the long rally to be in tact and considering the recent downtrend as a pull back.
We can initiate a long trend with a stop loss lower than 0.618 levels (599) and can target a risk to reward ration of 1:1 and trail stop loss to 1:2

Disclaimer:
This is for educational purpose. We are not SEBI registered analysts.

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Trade closed: stop reached
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