BERGER BREAKOUT
Cập nhật
After hitting a all time high of 870 levels stock came down to 530 levels and witnessed a sharp correction of 40% almost from the highs and broke it's 100 day moving average on 16th September in year 2022 at 640 levels it is almost a correction of 17 too from a breakdown of 100 ema, but by today's session it gives a close above on that 100 ema after after six months trading below that moving average and broken a resistance at 576 levels which is identified for a resistance for uptrend resumption after making the swing low of 530 levels so I am considering this as a breakout for the target of 625 to 640 levels with the stop loss of a daily candle close below of that resistance of 575 levels hopefully it will follow the rounding bottom arc and will the given targets for us.
IDENTIFICATIONS-:
💡100 EMA FACTORS
💡 RESISTANCE BREAK WHICH WAS NEEDED FOR UPTREND RESUMPTION
💡 ROUNDING BASE FORMATION AND PICKING UP FROM THERE
𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧 👤✌️
IDENTIFICATIONS-:
💡100 EMA FACTORS
💡 RESISTANCE BREAK WHICH WAS NEEDED FOR UPTREND RESUMPTION
💡 ROUNDING BASE FORMATION AND PICKING UP FROM THERE
𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧 👤✌️
Ghi chú
GETTING GOOD CLOSE IN WEAK MARKETGhi chú
CROSSED 600 PSHYCOLOGICAL LEVELS AFTER MANY MANY DAYSGhi chú
GAINING GOOD CLOSE ABOVE 600 ✌️✌️Ghi chú
HAVING STRENGTHGhi chú
GOOD CLOSE LOOKING CONSOLIDATION IS OVER, MINE TARGETS ARE BIG SO I AM HAVING NO PROBLEM TO WAIT FOR ITGhi chú
CAN DO TARGET ONE IN COMING WEEKGhi chú
CAN DO TARGET IN ONE TWO DAYS SETUP IS LOOKING GOOD NOWGhi chú
CLOSE TO TARGETGhi chú
DID EXACTLY MENTIONED A RESISTANCE BASED TARGET BY TODAY'S HIGH, EXAMPLE OF RIGHT IDENTIFICATION OF MAXIMUM REACH IN 1ST ATTEMPT
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