Look at every minute detail marked in the chart.
If BERGEPAINT starts trading above 727.25 then we can have our targets as the green lines 733, 742 and 753. If it breaks the resistance of 770.15 then we can soon see a new lifetime high.
If we still see consolidation then the stock can be seen trading within the end of triangle.
A Bearish moves is very unlikely to happen here but even if it does then a strong support is there at 706 and 697.
Below 697 the stock can move further down.
You can always do back testings on Day/Week/5min charts as per your experience and track the Bank results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
If BERGEPAINT starts trading above 727.25 then we can have our targets as the green lines 733, 742 and 753. If it breaks the resistance of 770.15 then we can soon see a new lifetime high.
If we still see consolidation then the stock can be seen trading within the end of triangle.
A Bearish moves is very unlikely to happen here but even if it does then a strong support is there at 706 and 697.
Below 697 the stock can move further down.
You can always do back testings on Day/Week/5min charts as per your experience and track the Bank results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
Kommentera:
What an excellent move shown by Berger Paints.