Berger Paints - Possible investment opportunity
Updated
Key highlights:
- Sitting in the monthly demand zone
- Hovering around 200-week EMA since May 2022
- Can give a positive reaction if buyers turn up
- Possible bear trap in formation
- 100 month EMA is just below the demand zone
- Seems like a good investment opportunity
Monthly - 50 EMA and 100 EMA for reference
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)
Community Manager (India), TradingView
- Sitting in the monthly demand zone
- Hovering around 200-week EMA since May 2022
- Can give a positive reaction if buyers turn up
- Possible bear trap in formation
- 100 month EMA is just below the demand zone
- Seems like a good investment opportunity
Monthly - 50 EMA and 100 EMA for reference
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (johntradingwick)
Community Manager (India), TradingView
Note
Analysis of the daily time frame.
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Telegram: t.me/johntradingwick
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.