Swing Trade in Berger Paints
Go Long above 709.3 for the target of 727.45 and above with SL of 691.1
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci Retracement tool from recent swing low (Point A) to recent swing high (Point B) then we see that stock is taking support of 0.618 Fibonacci Level.
2. Also a bullish hammer (circled with orange color) is formed at 0.618 Fibonacci Level.
3. In addition to this there is a Support / Resistance zone around 0.618 Fibonacci Level also called a Demand zone marked with a green rectangle .
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci Retracement tool from recent swing low (Point A) to recent swing high (Point B) then we see that stock is taking support of 0.618 Fibonacci Level.
2. Also a bullish hammer (circled with orange color) is formed at 0.618 Fibonacci Level.
3. In addition to this there is a Support / Resistance zone around 0.618 Fibonacci Level also called a Demand zone marked with a green rectangle .
Transaction en cours
Trade fermée: cible de profit atteinte
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.