Potential Swing Long: Berger Paints

24 dic 2024

• Berger is on an important support zone, this zone is respected from Apr 2020, its also near its golden ratio zone of 0.618 levels.
  
• Currently its continuing the downtrend once the downtrend is broken and price gives a positive close, we can initiate a long above i.e 465 level.
  
• There is a unmitigated Order Block below so if the range is broken and price descends down we can take a new entry from the liquidity level once we get a positive closing.
  
• Early Entry can be initiated with a strict SL, if a traps occurs below accumulation phase we can increase quantity near unmitigated Order Block.
  

Note: This is just for analysis purpose, please do your own research before punching any orders.

🔍 For more technical analysis and trade setups, make sure to follow me on TradingView

1 ene

Operación activa

Started addition of quantity 😊

3 ene

Nota

Safe Entry going to get activated soon