BERGER PAINTS BREAKDOWN ANALYSISthis one is for 16th AUG and im completely bearish with one because of the high wick we can on the latest candle and even in the previous highs.
-Happy Trading !!!
BERGEPAINT trade ideas
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.
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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.
Berger Paints Consolidation ended its time for BOOMERANG Target as shown in the figure :
Consolidated perfectly , Spike in Volume indicates uptrend . invest 30%
Stop loss 7% return 22%
BERGER PAINTS BERGER PAINTS - Absorption of supply inside a narrow range while momentum was building up all this time.
One can go long with a SL of 50 ema.
Good risk reward ratio here.
BERGERPAINTBerger paint is slowly moving up before the results. RSI is strong. But it can enter oversold zone when it gives a breakout
Bergerpaint looking for short term weaknessFor short to medium term : HH-HL formation was building up very well but with today's fall breaking below 19th April low HH-HL formation is breaking and there is a chance of turn around once again.
SL : 718 and target : 650
For Long term : for long term as well it looks weak at least till 600. after that one can start adding in positions.
BergerpBergerp made bullish abandoned baby on an hourly charts with good volumes.
Could be bought with mentioned stoploss & target
BERGEPAINT impotent levels #BERGEPAINT Berger Paints Ltd is an Indian multinational paint company, based in Kolkata, Bengal, India. This company has 16 manufacturing units in India, 2 in Nepal, 1 each in Poland and Russia. Wikipedia
Customer service: 1800 103 6030
CEO: Abhijit Roy (2012–)
Headquarters: Kolkata
Revenue: 6,365.82 crores INR (US$850 million, 2020)
Founded: 17 December 1923
Parent organization: U. K. Paints India Private Limited
Subsidiaries: Saboo Coatings Pvt. Ltd., STP Limited, Bolix S.A., MORE
BERGERPAINTS AnalysisFlag and Pole Pattern on shorter time frame
CMP: 735.20
Entry above 740
Target: 748-750
SL below 732
berger paint 1dtflook like good RR of 2.66 and have target of 765 and stoploss of 737 and make entry based on monday opening and closing
BERGERPAINT SELLBERGERPAINT SELL for day trading if stock break the upside downtrend line then we will enter in stock....
Berger Paints - 200DMA LongTermBerger Paints is one of the market leaders in paint industry , Which currently is trading below its 200DMA, A very good buying opportunity.
BURGER PAINTS (LONG)Broken 200 EMA with good volume
"W" pattern seen
Broken above trendline resistance and took support on it
Buy at CMP 770-780
TGT 802 - 828 - 857
SL 745
please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.
BREAKOUT IN BERGER PAINTSPossibility of a breakout in BERGER PAINTS in Daily and Weekly timeframes.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
BergerTypical setup before breakout
Wait for breakout and retest before going long
This is just my view no recommendation
BERGER PAINTS (LONG)Ready for up move
Buy near 775
SL 750-745
TGT 799-833-858
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
High probablity of resistance breakout in Berger PaintsThere are multiple touches on resistance zone. Last 3 candles shows very high volume bullishness. It is more likely that price will break throuh the resistance.
BergePaint - best time to accumulateTrading below 200 EMA and have to bounce. Also Asian Paint may fall because of recent controversy in AP . All benefit will go to BP
