2R TradeBreak of Falling Edge.
SL is 1 ATR below recent Low.
Buying zone indicated on chart. (Thats important to get the right RR)
Hoping to get bids filled
BERGEPAINT trade ideas
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)
Swing trade longInside bar with good volume at the previous swing low level.
If previous day high broken one can enter long around 467 level.
target could be at 500 level.
SL at 447
Though Risk reward is not good enough to take the trade, the chart looks good to move up with good momentum once it breaks the PDH considering the continuous fall since 28th April.
Short Berger Paints (i) Limited at 440Support at 445. If this breaks 445 entry at 440 stop loss at 450. Take profit at 405
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 .
Berger paints long, clear Price rejection at support and 50 EMA Berger paints long, clear Price rejection at support and 50 EMA
SL - 500 , Target 535 - Good risk to reward ratio
Good Risk Reward Ratio at Rs.500 Price at Strong Support Level of Rs.500. Risk Reward will be Favorable for Buying trade.
Rising Wedge on Daily ChartA rising wedge can be observed on the daily charts. Until there is a confirmation of breakdown, don't get a premature entry into this trade. The targets are: T1 503; T2 481; T3 443. Stop Loss should be maintained at 565 if you decide to enter this trade early.
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
