BERGEPAINT : Going LongThe current net holding is approximately 1.875% of the net capital. I plan to increase the holding to 2.5% once the price reaches the channel's lower trendline.
📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
Bergerpaints
Buy Berger PaintsBerger Paints is the second largest paint company of India and a trusted brand in the market. It has given its best quarterly results and still the company is almost 27% down from its lifetime high. It is a good time to invest in the company. The company has reduced debt. The company has been maintaining a healthy dividend payout of 35.8%.
Please do your own analysis before investing.
Hope you learned something new from my ideas.
Do like, share and follow me. thank you!
BERGEPAINT NSE:BERGEPAINT
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BERGER PAINTSBerger Paint soon might come above 200 dema.
once above 200 dema and a major resistance, it can give a good rally .
as diwali is coming paint stocks have good reversal chances.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
MACD Crossover Swing Trade📊 Script: NESTLEIND
📊 Nifty50 Stock: YES
📊 Sector: FMCG
📊 Industry: Food - Processing - MNC
⏱️ C.M.P 📑💰- 2622
🟢 Target 🎯🏆 - 2769
⚠️ Stoploss ☠️🚫 - 2560
📊 Script: ADANIPORTS
📊 Nifty50 Stock: YES
📊 Sector: Marine Port & Services
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 1341
🟢 Target 🎯🏆 - 1426
⚠️ Stoploss ☠️🚫 - 1293
📊 Script: HEROMOTOCO
📊 Nifty50 Stock: YES
📊 Sector: Automobile
📊 Industry: Automobiles - Motorcycles / Mopeds
⏱️ C.M.P 📑💰- 4722
🟢 Target 🎯🏆 - 4949
⚠️ Stoploss ☠️🚫 - 4597
📊 Script: AMBUJACEM
📊 Nifty50 Stock: NO
📊 Sector: Cement
📊 Industry: Cement - North India
⏱️ C.M.P 📑💰- 612
🟢 Target 🎯🏆 - 650
⚠️ Stoploss ☠️🚫 - 592
📊 Script: BERGEPAINT
📊 Nifty50 Stock: NO
📊 Sector: Paints/Varnish
📊 Industry: Paints / Varnishes
⏱️ C.M.P 📑💰- 573
🟢 Target 🎯🏆 - 603
⚠️ Stoploss ☠️🚫 - 558
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Berger paints to continue on the red streak!The stock seems to have fallen in an bearish impulsive wave between Sep-Oct 2023.
After this very fall the stock was in a complex triple three correction for almost 3 months.
The impulsive fall has been labeled as wave "A" and the stock has already begun the Wave "B" fall in the month of Jan.2024.
Wave "B" is projected going towards the INR 480 area.
580 will stand as a crucial resistance for the stock on the upside.
BERGEPAINTNSE:BERGEPAINT
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
BERGERPAINTS TRENDLINE BREAKOUT!!!!The price following descending trendline resistance from a very long time. Whenever the price reaches near the trendline price taking resistance and slopes down. Now finally price breaks the trendline and closes above the trendline with good breakout candle. The level of 550 is strong support for the price . Candle closes above the breakout level of 575 and holding itself at the higher levels. price showing good momentum for swing reversal . After the breakout possible targets are 615--633 & 650.
BERGERPAINTS📊
👉🏻Range + Trendline Breakout
👉🏻Support 572 & 548
👉🏻Add for swing reversal
👉🏻Target possible 615/633/650+
BERGER PAINTBerger paint is at a very important support zone.
Good to buy this if a reversal is seen from this point.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
A bearish pennant on the continuation of the fall. Updating lowsThe coin after the impulse decline formed a pattern triangle, or bearish pennant - a figure of continuation of the trend. The volumes inside the figure are reduced. I expect the price to approach the lower boundary of the triangle and the impulse breakout in the downward direction with the support of volumes in the seller's order book. The goal is the height of the base of the triangle.
BERGERPAINT – Long Opportunity for a Swing TradeBergerpaint had been in a recent up trend post which there has been a retracement and it’s taking support on 0.618 levels. Considering the Fibonacci levels, we are expecting the long rally to be in tact and considering the recent downtrend as a pull back.
We can initiate a long trend with a stop loss lower than 0.618 levels (599) and can target a risk to reward ration of 1:1 and trail stop loss to 1:2
Disclaimer:
This is for educational purpose. We are not SEBI registered analysts.
#TrendAnalysis #NSEindia #Trading #StockMarketindia #Tradingview
BERGER PAINTS Clean BreakoutThe idea here is about TECH MAHINDRA
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Crab Pattern Completed on a weekly chart.
2. Break out of Downtrend channel with good Volume.
3.Trading way above 20 EMA on weekly chart.
4. MACD over Signal line on weekly chart .
5. RSI is at 56.80 on a weekly Chart.
6. May retest the break out point and wait for reconfirmation to enter.
7. Hull Moving Average is a Buy Signal on a weekly chart.
Targets : Estimates based on Crab pattern provided on the chart for reference.
Disclaimer: “The above is an idea only and not any kind of financial advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis.
Cheers.
BERGER PAINTS IND Clean Brakeout The idea here is about BERGER PAINTS
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Crab Pattern Completed on a weekly chart.
2. Elliott's Wave Corrective wave completed and price has broken out of Downtrend channel with good Volume .
3. Trading way above 20 EMA on weekly chart.
4. MACD over Signal line on weekly chart .
5. RSI is at 56.80 on a weekly Chart.
6. May retest the break out point and wait for reconfirmation to enter.
7. Hull Moving Average is a Buy Signal on a weekly chart.
Targets : Estimates based on Crab pattern provided on the chart for reference.
Disclaimer: “The above is an idea only and not any kind of financial advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis.
Cheers.
Will nifty able to sustain its upmove ??Nifty as making Higher High & Higher low but as we see on larger time frame selling pressure is still there. There are two possibilities whether nifty breakes it's supply zone then on retracement its a good BUY and in second possibility nifty will not be able to handle selling pressure and fall in that case we wear the HAT of SELLER. Here keep in mind that nothing gets changed till yet. Month of July & August is earning season so be stock specific. I have made position in Bergerpaint this Friday in Future August series.