Berger Paints Futures Trade Setup
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
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