Bergerpaints
BERGER PAINTS LTD | NSE | ANALYSIS Hey guys!
BERGERPAINT has been consolidating in a triangle pattern since march this year (2020)
Seems like it just broke out of the pattern, providing more room to grow upwards.
I would be a buyer at this price with a stop loss placed just below the top trendline of the triangle.
Thank you! Follow and like if you agree :)
spot: berger paint support at 495, below that S1-485 & S2-482support at 495, if breaks below next levels are 485 & 482
Resistance is at around 507-510 levels
HEAD AND SHOULDER IN BERGER PAINTS INDIASHORT ON BREAKOUT OF NECK LINE AND USE VOLUME FOR BREAKOUT CONFIRMATION.
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CONSULT YOUR ADVISOR BEFORE TAKING DECISION
Berger: BearishNSE:BERGEPAINT
(Summary For Intraday Trader)
There Could be a Slight Drop-down from 450.55 to 448.65
Retracement Rally (buy) up-to 455.10 From 449
Short ( Drop-down ) From 455.10 to Expect 443
If major Resistant of 443 Could be Broken Short From 440 To Expect 416 (Swing)
Berger: BearishNSE:BERGEPAINT
(Summary For Intraday Trader)
There Could be a Slight Drop-down from 450.55 to 448.65
Retracement Rally (buy) up-to 455.10 From 449
Short ( Drop-down ) From 455.10 to Expect 443
If major Resistant of 443 Could be Broken Short From 440 To Expect 416 (Swing)
ROUNDING TOP ON BERGER PAINTS INDIAROUNDING TOP IS A BEARISH PATTERN AND IT USUALLY SHOW EXPECTED REVERSAL IN THE ONGOING TREND. TAKE POSITION ON BREAKOUT AND EXIT ON NEXT SUPPORT OR MAJOR SIGN OF WEAKNESS. BREAKOUT SHOULD BE SUPPORTED WITH VOLUME.
CONSULT YOUR ANALYST BEFORE MAKING DECISION .
SPOT: BERGER PAINTS SUPPLY ZONE @ 498 & SUPPORT @ 463 (1 week)30-March-2020
SPOT: BERGER PAINTS SUPPLY ZONE @ 498 IF SUSTAINS ABOVE 498 IT WILL HEAD TO 540,
IF FAILS TO MAINTAIN 498 LEVEL, IT WILL FALL TO 460 LEVELS
Days: 2-5 Sessions
Berger Paint: Nice BreakoutPrice has broken out of a trading range with a volume spike. Pay attention to the expansion in the Bollinger Bands. Interesting stock again. Watch out !!
