Berger Paints📈📚
#TrendX #Masterclass #Assignment
Berger Paints has surpassed the upper trendline resistance of a triangle.
RSI is moving in sync with the price and has given a trendline breakout.
Key MAs have formed a bullish Crossover on daily chart.
The price is now sustaining above its 20 EMA.
All these observations are seen in the daily time frame.
A long trade can be taken in futures (prices here given are as per spot) above 576 (preferred with an equal lot hedge of 575 Put option, premium approximate 19 - 18/-(buy as a hedge) along with long trade.
The price can rise up to 590 and above that, it can rally up to 603 - 615.
The stop-loss will be below 564 on a daily close basis.
Holding duration 2 - 3 days. The trade should be ignored if prices open with a gap up or down before initiating the trade.
#FuturesAndOptions #Masterclass
#TrendX #Masterclass #Assignment
Berger Paints has surpassed the upper trendline resistance of a triangle.
RSI is moving in sync with the price and has given a trendline breakout.
Key MAs have formed a bullish Crossover on daily chart.
The price is now sustaining above its 20 EMA.
All these observations are seen in the daily time frame.
A long trade can be taken in futures (prices here given are as per spot) above 576 (preferred with an equal lot hedge of 575 Put option, premium approximate 19 - 18/-(buy as a hedge) along with long trade.
The price can rise up to 590 and above that, it can rally up to 603 - 615.
The stop-loss will be below 564 on a daily close basis.
Holding duration 2 - 3 days. The trade should be ignored if prices open with a gap up or down before initiating the trade.
#FuturesAndOptions #Masterclass
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.