Berger Paints is currently testing the upper boundary of a long-term Descending Triangle on the weekly chart — a pattern known for sharp breakouts or breakdowns.
📊 Resistance Zone: 600 – A breakout above this level could trigger a powerful upside rally towards 825+, supported by the pattern's height projection.
🔻 Support Level: 543 – A breakdown below this level may lead to a sharp fall towards 400 levels.
⚠️ Bearish Pin Bar Candle at resistance signals caution; confirmation is key before entering any trade.
📌 Watch closely for a decisive move – this zone is critical for trend reversal or continuation.
This setup offers a high-reward opportunity for positional traders, with clear entry and exit zones. Manage your risk wisely and follow with volume confirmation.
📊 Resistance Zone: 600 – A breakout above this level could trigger a powerful upside rally towards 825+, supported by the pattern's height projection.
🔻 Support Level: 543 – A breakdown below this level may lead to a sharp fall towards 400 levels.
⚠️ Bearish Pin Bar Candle at resistance signals caution; confirmation is key before entering any trade.
📌 Watch closely for a decisive move – this zone is critical for trend reversal or continuation.
This setup offers a high-reward opportunity for positional traders, with clear entry and exit zones. Manage your risk wisely and follow with volume confirmation.
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🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
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.
📈 Trade Smarter with TradZoo!
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
🔗 Website: bit.ly/tradzoopage
📣 Telegram: t.me/tradzooIndex
📲 Android App: bit.ly/TradZooApp
📲 Forex App:tradzoo.com/forex/download
🍎 iOS App: bit.ly/TradZoo-iOS-App
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.