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”.
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Bergerpaints
Will nifty able to sustain its upmove ??Nifty as making Higher High & Higher low but as we see on larger time frame selling pressure is still there. There are two possibilities whether nifty breakes it's supply zone then on retracement its a good BUY and in second possibility nifty will not be able to handle selling pressure and fall in that case we wear the HAT of SELLER. Here keep in mind that nothing gets changed till yet. Month of July & August is earning season so be stock specific. I have made position in Bergerpaint this Friday in Future August series.
BURGER/USDT: READY TO PUMP!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
Welcome to this BURGER/USDT TRADE setup. BURGER looks bullish here.
WHY DOES BURGER HAVE BIG POTENTIAL?
1) BURGER is breaking out from the big falling wedge-like structure.
2) It breaks out almost after 1 year.
3) Its ATH was $28 and currently, it is trading around $1.8
4) It also trades above the important 50D moving average.
It's a low risk and high reward trade setup. Buy some now and add more in dips.
Entry range:- $1.6-$1.8
Target:- 450%
SL:- $1.42
This chart is likely to help you in making better trade decisions if it did do consider upvoting this chart.
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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.
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