BERGEPAINT trade ideas
BERGEPAINT 363.50 || LONG || INTRADAYBUY above 363.50 SL 362
Targets 365, 368, 370, 372, 375, 378, 380
OR
BERGEPAINT 29AUG 370 CE (₹2.60)
Expecting price to come down to 285NSE:BERGEPAINT stocks trending up for 6 Days and shows signs of weakness, it may fall to 285 kept under watch list for addition of put options
possible breakout candidate in the makingAbove a close of 340 on weekly basis can do 410-420 in the medium term!
accumulation zone around 310-320 in case the breakout fails,but structurally a strong counter in an otherwise sad market
366 SAN. 326 Short zone or bar cluster breakdown BV SETUPDisclaimer:
Please consult with your financial adviser before making any trading or investment decision. Set-up provided here is for informational and educational purposes only.
This is not a sell or buy recommendation. We are not responsible for any gain or loss; Consult your financial advisor before your execution of trade.
There are heavy chance that most of the presented scripts does not meet set (described) entry conditions, as most of the posted analysis are based on Static ANalysis (SAN). Many times scenarios does not arise for good and ideal entry points. Hence needs personalized intraday techniques and strategies (PITS) are required for your entries and exists Always run with SL. Wavozen1 aims to publish real-time entries and exits.
Set-up presented here is for observational purpose only and most of the set-up designed by WavoZen is based on SAN for intraday purpose only to get the basic structure for intra-day short term or ultra-short term purpose only. Most of the set-up is valid for a day or otherwise mentioned. Hence requires your fine tuned personalized intraday techniques and strategies (PITS) based on Real-time Analysis (RT)/ Dynamic ANalysis (DAN) to get benefit from these structures or to have minimum loss, if wrong through your PIT Strategies (your trade plan). Overnight events, Gap-up opening, gap-down opening, news, major economic data release etc may impact the deviation from the assumed scenarios. If entry conditions and criteria are not meet, then we should not take any chance to enter on assumed scenarios. If there is a deviation in assumed scenario in time, speed and angle and these deviations will not encourages for entry as referred as entry not valid (ENV). Daily post appears on stocktwits.WavoZen. Abbreviations: PT1: Profit taking point 1; PT2 =profit taking point 2; SL: Stoploss point. ENT: Entry not Triggered; ENV: Entry not valid. Weekly Review : WR;
BERGER PAINT INTRADAY SHORTBERGER PAINT BEARISH PATTERN
INTRADAY
Short PRZ 323.40 TO 324.30
SL 326
T1320 T2 318
Berger Paints Inside Bar TradeBERGER PAINTS after forming a possible triple top has made an inside bar below the support level.
MACD bearish crossover too.
Can go short below the level for a good profit.
Levels are mentioned in the charts .
BergerPaints, BreakoutA pullback after a breakout is a possibility. This stock has given two pullbacks. Thrust in Consumption industry.
Berger Paints - MonthlyThe stock seems to have given a confirmed monthly break out from a good range of consolidation that it was under from the past few years! With a good trailing candle, more strength can be seen coming however since the time frame is monthly, it might take some time in the due process!
BergerPaints, BreakoutI covered this stock on 12th May. Price has broken out and price is holding above the breakout zone so far. Please note that the stock is in strong bullish market. Chart is also forming an Ascending Triangle pattern which is a bullish assertion. Moreover, it belongs to consumption industry segment which is doing good business. (See Asian Paints). It can fetch good profit in medium to long term scenario. 350 to 400 can be expected in long term.
BergerPaints, ResistancePrice hitting the Resistance level repeatedly for more than one-and-half years. This is a very significant 'process' of price discovery for investment. It may take time but once price makes the expected breakout, it will be rewarding the investor handsomely. The stock is in strong bull market. And this process of facing resistance is often an essential part of price move. That is why there is hope for an investor.
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 !!
