CONDITIONS FOR TRIANGLE PATTERN:
1. Five wave corrective pattern should form a triangle wave.( A,B,C,D,E,F,G,H– YES FORMED)
2.Triangle wave should have minimum 45 days duration.( YES 400+ PRESENT)
3. Triangle breakout around 70% zone expected. (YES BREAKOUT HAPPENED)
4. At breakout considerable volume should occur.( YES VERY HIGH VOLUME PRESENT)
Its time for long position.
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Stock Ticker – NSE: BERGEPAINT – Berger Paints India Ltd. – CONSUMER GOODS
Bullish Trade plan:
Entry Level 346 Target 400 Stoploss 303
Analyst Rating – :4/5
View Posted on 2019-08-06