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BERGER PAINTS (I) LTDBERGER PAINTS (I) LTDBERGER PAINTS (I) LTD

BERGER PAINTS (I) LTD

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BERGEPAINT trade ideas

BERGER PAINTS | Swing trade opportunity | 100% returnsBERGER PAINTS Monthly time frame Stock consolidating between 450 – 730 for the last 5 years Stock has retested the support zone of the white parallel channel and looks good to touch the resistance of this channel Stock riding above 20-, 50- & 200-month moving averages RSI = 55, indicating build-up of bullish momentum MACD crossover expected and is above the 0 line, indicating bullish momentum Volumes have been good since May 2024, implies heavy buying Weekly time frame Breakout of the yellow trend line, retest done & bullish momentum established Stock riding above 20-, 50- & 200-week moving averages 20WMA about to cross 50WMA and golden crossover also approaching RSI > 60, indicating bullish momentum MACD above the 0 line, indicating bullish momentum Daily time frame Breakout and retest of the yellow trend line clearly confirmed Breakout of the blue resistance dotted trend line after 11 months Stock in the process of making a higher high (Dow theory) Breakout of the cup and handle pattern Stock riding above 20-, 50- & 200-day moving averages 20DMA has crossed 200DMA, and golden crossover is also approaching RSI > 65, indicating bullish momentum MACD is well above the 0 line and in green zone, indicating solid momentum Conclusion Entry: 585 Stop Loss: 525 Target 1: 725 Target 2: 830 Target 3: 1070 Fundamentals ROCE = 27.5% {Ideal > 15} ROE = 23.5% {Ideal > 15} Stock PE (58) = Industry PE (54) {Stock not overvalued} Int Coverage = 22 {Ideal > 2} CF Operations / EBIT = 0.98 {Ideal > 1} Debt to equity = 0.14 {Ideal value < 1} Promoter stake has remained consistent over the years > 74.99%
NSE:BERGEPAINTLong
by shyamsrk2
3
Buy Berger PaintsBerger Paints is the second largest paint company of India and a trusted brand in the market. It has given its best quarterly results and still the company is almost 27% down from its lifetime high. It is a good time to invest in the company. The company has reduced debt. The company has been maintaining a healthy dividend payout of 35.8%. Please do your own analysis before investing. Hope you learned something new from my ideas. Do like, share and follow me. thank you!
NSE:BERGEPAINTLong
by ronak16125
Berger Paints (I) Ltd.*Berger Paints (I) Ltd.* P&F on Decadal Basis. *W* on Yearly Basis. Strong upward Price BreakOut Sustained. Strong Vol. Consolidation. Continued traction required. RSI: 1H>D>W>M EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 on Monthly Basis. *Trail SL with Upside* *Book Profit as per Risk Appetite* 1) Stable / Falling Crude prices in light of Libyan/Iraq oil flow. Muted / Slowing Chinese economy leading to lower demand higher supply. This will be Margin Accretive for Crude based products manufacturers. 2) Increasing RE / Replacement demand additional+ve factor. *This is an Opinion. Do Your Own Research.* *_Happy Investing_*🤓
NSE:BERGEPAINTLong
by IdeasNeosagi
Positional Trade Setup for Berger Paints:The chart indicates a "Cup and Handle" pattern, which is a bullish continuation pattern. The price has formed a rounded bottom (the cup) and appears to be forming the handle, suggesting a potential breakout above the resistance level. The stock is currently testing the resistance zone around 597-600 INR, which is a crucial breakout level for the completion of the pattern. Volume Confirmation: The breakout attempt is accompanied by increasing volume, which is a positive sign indicating strong buying interest. This volume confirmation supports the likelihood of a successful breakout. Entry Point: A good entry point would be on a confirmed breakout above 600 INR with strong volume, or on a pullback to the 590-600 INR range, provided the pullback is on lower volume, indicating consolidation rather than a reversal. Stop Loss: Place a stop loss below the handle low, around 570 INR, to protect against false breakouts or pullbacks that invalidate the pattern. This placement gives a buffer zone below the key support areas. Targets: The first target could be set around 650 INR, which is a calculated target based on the depth of the cup. A longer-term target can be set around 675-700 INR, aligning with previous highs and potential psychological levels. Risk-Reward Ratio: Aim for a risk-reward ratio of at least 1:2. With an entry near 600 INR and a stop loss at 570 INR, targeting 650 INR or higher provides a favorable setup. Additional Considerations: Watch for the RSI and other momentum indicators to ensure they are not in overbought territory when entering. A strong trend with momentum confirmation will enhance the trade setup. Keep an eye on overall market conditions, as they can influence the performance of the stock. Summary: Berger Paints is showing a promising Cup and Handle pattern with the potential for a breakout above the 600 INR level. A breakout with volume confirmation offers a good entry point for a positional trade targeting 650 INR and beyond, with a stop loss to manage risk below 570 INR. This setup presents a strong opportunity, provided market conditions remain favorable.
NSE:BERGEPAINTLong
by RajputAmarjit
Berger Paints : Ready for 727Paint Industry is going through transformation and becoming more competitive. New players like Kotak engaged with with innovative business model and practices. All are bringing more value for the middle men and consumers alike. Like aviation companies, this is the only industry in the consumer goods space that has been struggling for uptick in the margins. Level playing filed is set now and these companies are ready for rebound. Berger paints with strong financials showing strength in the stock price as well. Festive season is by the corner. This way there is an opportunity for a short term play. Once close above 605, its is set for 727+ (SL 550)
NSE:BERGEPAINTLong
by CKParkhi
BERGER PAINTS IND S/R for 11/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:BERGEPAINT
by zenthosh
BERGER PAINT - Double trouble!🎯The chart is pretty self-explanatory as always! 🎯 With Asian paints into valuation trouble and JSW entering the affordable paints domain, Berger paints will too have an impact. 🎯 Although, the price action is worth keeping an eye on. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:BERGEPAINT
by TheChartereds
#BergerPaint BlitzKrieg bluechip pickWith crude oil prices settling down after the crisis of 2022 & rise in private demand the stock has delivered steady rise in QoQ and YoY increments in both revenues and profits. The stock can prove out to be one of the highest beneficiary of peaking interest rates and recent boom observed in the realty sector. Stock is showing tremendous support near the bottom of the trend channel as shown in the chart and has all potential to become a multibagger.
NSE:BERGEPAINTLong
by Noob1003
1