BERGEPAINT trade ideas
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
BergePaint - best time to accumulateBergePaint - best time to accumulate as Asian Paint may fall because of recent controversy in AP. All benefit will go to BP.
BERGERPAINTS AnalysisReasons to trade: 1."M" like Pattern around 840-850 levels and then a huge breakdown
2. ST and MT Outlook: Short Buildup
3. Below 200EMA
4. Weekly all pivot levels broken
5. Both FII and DII have reduced their holdings on September quarter
Zone to watch out for: 725-736
Downside Target: 700-705
Above 736 don't trade
Berger Paints ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near swing high.
BERGER PAINTSThe stock has formed a triangular pattern we can buy /sell if it breaks the triangle pattern.
Berger paint day chart bounceBerger is getting a day support , and ready to bounce back.
2% minimum profit expected from the current level
Berger paintsPrice - 840
SL- 783
tgt-1100
volume is average
RSI above 60
If cross above 872 it can touch tgt 1100.
#BergerPaintsA safe and sound idea, esp. in current market scenario. Long term consistent compounder!
Buy zone:810-820
T1: 872, T2: 1000+
Time frame: 3-6 months
SL: 780 WCB
Resistance tested multiple times at this levelResistance tested multiple times at this level..
One can go long above closing above 845.
Berger Paints | ChaiwithanoopBerger paints strong buying pressure no wicks in 4h on last closing. can trade either side.
Simple structure of Rally base and now rally / drop expected.
Check larger time frame for structure.
Go for Long with a SL Below 820.
BERGEPAINT LONG INTRADAY 25 AUG,2021Dear trader,
If u look at the chart of BERGEPAINT (analysis based intraday only) the BERGEPAINT Buy at 792 and Target at 804
Best Buy at 790.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
BERGEPAINT LONG INTRADAY 20 AUG,2021Dear trader,
If u look at the chart of BERGEPAINT (analysis based intraday only) the BERGEPAINT Buy at 815 and Target at 826
Best Buy at 812.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Berger Paints Short Term BreakoutThe stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls, 200 EMA , and Supports Nearby.
The stock has previously broken out with good volumes and retested the upper trendline, the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, 200 EMA , and previously upper & lower Trendlines . Target is placed near the all-time high based on fundamentals.
Note: Earnings will be disclosed during the trade duration. If results are not up to expectations or the trendline and 200 EMA are broken after results, it may be a better option to exit.
