Breakout Analysis:
Berger Paints (NSE: BERGEPAINT) has given a breakout from an Inverted Head & Shoulders pattern on the daily chart, indicating a potential bullish move ahead. The breakout level is around ₹509, which now acts as immediate support.
Trade Setup:
📈 Entry: ₹509 (Breakout Level)
🔹 Stop Loss: ₹487 (Below the right shoulder)
🎯 Targets:
Target 1: ₹520.45
Target 2: ₹530.60
Target 3: ₹542
Technical Observations:
✅ Volume confirmation on breakout.
✅ RSI moving above 60, indicating strong momentum.
✅ Price sustaining above key moving averages.
Disclaimer:
📌 This analysis is for educational purposes only and should not be considered financial advice. I am not a SEBI-registered advisor. Please do your own research and consult a financial professional before making any investment decisions. Trade wisely! 📊
Berger Paints (NSE: BERGEPAINT) has given a breakout from an Inverted Head & Shoulders pattern on the daily chart, indicating a potential bullish move ahead. The breakout level is around ₹509, which now acts as immediate support.
Trade Setup:
📈 Entry: ₹509 (Breakout Level)
🔹 Stop Loss: ₹487 (Below the right shoulder)
🎯 Targets:
Target 1: ₹520.45
Target 2: ₹530.60
Target 3: ₹542
Technical Observations:
✅ Volume confirmation on breakout.
✅ RSI moving above 60, indicating strong momentum.
✅ Price sustaining above key moving averages.
Disclaimer:
📌 This analysis is for educational purposes only and should not be considered financial advice. I am not a SEBI-registered advisor. Please do your own research and consult a financial professional before making any investment decisions. Trade wisely! 📊
Trade active
Target Completed.... ENjoy
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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.
Related publications
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.