BERGER PAINT LONG INTRADAY (15 min candles)
The following analysis is based on the concept of simple break and retest of previous resistance zone.
* The resistance zone of 560-560 was successfully broken as shown in the first arrow.
* The retest of the zone was followed next and the price can be seen bouncing off the newly created support zone which prior to this was resistance zone.
* can go long above 570 on monday (14th sep 2020).
* SL below 565
* TARGET 1 - 580
TARGET 2 - 585
* The resistance zone of 560-560 was successfully broken as shown in the first arrow.
* The retest of the zone was followed next and the price can be seen bouncing off the newly created support zone which prior to this was resistance zone.
* can go long above 570 on monday (14th sep 2020).
* SL below 565
* TARGET 1 - 580
TARGET 2 - 585
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