BERGEPAINT trade ideas
Momentum trading | Trading with strong trend this pattern works like magic. Just wait for the breakout , momentum will pick above our level... Risk reward ratio 1:3
Berger paints good short candidateBerger paints cmp 615
Bearish butterfly pattern formation on daily time frame
1.27AB = CD pattern formation confluence around same levels
pattern gets violated above 680 levels on closing basis
down side 10-15% fall possible
BERGEPAINT Daily BEARISH Deep Crab
Earlier this same Pattern given good reaction on Type1 entry & Hit Both Target ,now price again reached PRZ making its a TYPE2 Entry which is REVERSAL
POTENTIAL SELL
R-0211 Short Term Buy BERGEPAINT @578.00-580 SL 563.6 TGT 605Short Term Cash Buy BERGEPAINT @578.00-580 SL 563.6 TGT 605(Short term trend remains positive)
1. Above VWAP on 30 min chart.
2. TK cross over.
3. MACD cross over.
4. Broke R1 573 now heading toward R2 609.5 GO LONG
BERGER PAINT LONG INTRADAY (15 min candles) The following analysis is based on the concept of simple break and retest of previous resistance zone.
* The resistance zone of 560-560 was successfully broken as shown in the first arrow.
* The retest of the zone was followed next and the price can be seen bouncing off the newly created support zone which prior to this was resistance zone.
* can go long above 570 on monday (14th sep 2020).
* SL below 565
* TARGET 1 - 580
TARGET 2 - 585
Bergerpaint long#Bergerpaint above 582 target 590 595.If crosses 598 expect 625 640 675 750+ support 535 dcb
Berger paint formed Triangle pattern expected to have a breakoutBerger paint formed Triangle pattern expected to have a breakout on Monday.
berger paint in triangle pattern can break down /upberger paint in triangle pattern can break down /up
R-0152 BERGER PAINT (LONG)Buy 553-555
TGT 575
SL 544
It's intraday call though and will update at the day end if need to carry.
It has MACD cross over + TK line indicates bullish momentum.
BERGER PAINTSNSE:BERGEPAINT
THE BREAKOUT THAT HAS COME ON TRENDLINE IS GOOD, ALSO THE CLOSE IS ABOVE CRITICAL LEVELS OF 552
THIS CAN BE BOUGHT WITH A SL OF 552 FOR 562, 570, 580, 587.
IF GOING FOR AGGRESSIVE TARGETS, KINDLY TRAIL YOUR STOP LOSSES
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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