wait for zonezone is high probability reversal zone. look for reversal inside the zone.look for buying confirmation in smaller tf(15mins). if weekly close is below zone , then pattern is invalid.
BERGEPAINT trade ideas
Buy Opportunity for BERGEPAINTThis is my personal analysis. Buy at the market price and have the opportunity to earn from 6% to 10% profit in upside
Buy 516-518
Target – 540 – 550 – 560
Stop loss - No Need
Valid for Cash Market & May Future
#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.
Berger paints short call PE 350Berger paints touch the ATH and currently these stock move in bearish tone for 2 years.
For option trader open a PE short call till 350rs and book profit acc to small Target support.
For equity traders in this stock you don't buy any stock from now wait for 350 price level or more down.
For more chart analysis comment me in this post.
Berger paints to continue on the red streak!The stock seems to have fallen in an bearish impulsive wave between Sep-Oct 2023.
After this very fall the stock was in a complex triple three correction for almost 3 months.
The impulsive fall has been labeled as wave "A" and the stock has already begun the Wave "B" fall in the month of Jan.2024.
Wave "B" is projected going towards the INR 480 area.
580 will stand as a crucial resistance for the stock on the upside.
berger paints as a beginner in stock market as of my book knowledge it shows swing moment. i am expecting that it would give at least 2 % increase within few candles. because as of my knowledge and sources the 3rd quarter of bergerpaints gives best results . they have taken fair market share in paints from the last quarter. and also it gives good results in final quarter to close the dealer club growths . iam expecting that this year it gives 15% averege growth for their sales.
target : 608/-
BERGEPAINT NEAR SUPPORTNear support zone.
Long term target 680
Disclaimer : This is not a Buy or Sell recommendation. Please consult your financial advisor before making any investments . This is for Educational purpose only
Berger Paints Observing previous swings from Oct 23, 2023, attempts are made to breach the resistance, not able to breach strongly but in each attempt new higher high is set in every swing.
Based on past swing reversals, I am expecting a hammer tomorrow and hope we can capture around 7% profit in next week.
Today I have averaged this stock and
I am going to pyramid if a strong candle closes above 610 and opens above 613.
Lets see how it goes.
Berger Paint bullish above Mentioned Level. Only for practice.Berger Paint bullish above Mentioned Level. Only for practice.
berger paint 4h time frame buy@ 593 target@ 599, 605, 611.55 berger paint 4h time frame
buy@ 593 target@ 599, 605, 611.55
channel breakout
risk reward 1:1
its just a view trade@ your own risk
sl@ 575.65
BERGEPAINT 558 TGT 667(20%) SL 523 Recommended By Rachit SethiaBERGEPAINT 558
TGT 667
SL 523
Return 20%
RR >3
Time Frame
Positional Trades
Trade Idea Recommended By Rachit Sethia
Shared with 💚
BERGEPAINT: Breaking the Downward Trend. Short-Term OpportunityGreetings, fellow traders!
Today, let's dive into NSE:BERGEPAINT Here's what's unfolding:
Historical Downward Trend: For the past two and a half years, this stock has been in a downward spiral. But June brought a twist, as it broke its resistance trend line and started an upward journey.
Retesting the Resistance: Now, it's retracing to retest the previously broken resistance level. This can be a pivotal moment for the stock.
Chart Analysis: In the attached thirty-minute chart, we see a promising sign in the form of a gap-up opening (inside the rectangle) on October 31st, indicating renewed momentum.
Bullish Momentum: The 30-minute time frame suggests a bullish momentum is building (inside the circle).
For Derivative Traders: If you're into derivatives, consider the 540CE or 550CE contracts. Morning might be a good time to make your move.
Important Note: This is not an investment recommendation but rather a short-term trading opportunity. As always, manage your risk diligently.
Your Strategy: What's your take on BERGER PAINTS? Are you considering a bullish play, or do you have a different perspective? Share your insights with us!
Stay Informed: Keep following for more trading insights and opportunities.
Until the next post, happy trading!
Best regards,
Alpha Trading Station
Berger Paints on a crucial support zone !The chart is self-Explanatory :)
If it helps you in anyway, give us a like and a follow :)
BERGEPAINT1.50 moving average upside
2.volume increase
Target show in chart.
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
BERGER PAINTSBerger Paints is the 2nd Largest paint company in India, the 4th Largest paint company in Asia, and the 7th Largest decorative paint company in the world.
IT HAS FORMED REVERSE HEAD NAD SHOULDER PATTERN.
CURRENT PRICE-709
TARGET PRICE-842
we can expect min 23% return
Berger paint Longcan go long if it consolidates and breaks higher. if it consolidates and breaks lower you can go short as well as it is trading near an important resistance in the daily tf.
Berger Big Break out
MACD has given buy signal in July on monthly time frame, last it was given in 2019 and it rallied 581 points from 360.
Cup and handle BO. With immediate target 160 points.
All levels are for education purposs
Is this sign of trend change ?
Bullish engulfing and some signs of trend Change, Safe players stay away.
After the last time never Seen this chart but those lines also working flawless so attaching that also ,
Use play button to See that.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
BERGER PAINTS LONG - Reverse Head and Shoulder PatternA reverse head and shoulder is forming on the BERGER PAINT charts, have attached the Screenshot, could take entry once it gives a breakout and the confirmation of breakout above the blue line. Time line is expected to be less than 1 year
