Berger Paints - 200DMA LongTermBerger Paints is one of the market leaders in paint industry , Which currently is trading below its 200DMA, A very good buying opportunity.
BERGEPAINT trade ideas
BURGER PAINTS (LONG)Broken 200 EMA with good volume
"W" pattern seen
Broken above trendline resistance and took support on it
Buy at CMP 770-780
TGT 802 - 828 - 857
SL 745
please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.
BREAKOUT IN BERGER PAINTSPossibility of a breakout in BERGER PAINTS in Daily and Weekly timeframes.
DISCLAIMER: The ideas are only for educational purposes and not buy/sell recommendation. I am NOT SEBI registered.
BergerTypical setup before breakout
Wait for breakout and retest before going long
This is just my view no recommendation
BERGER PAINTS (LONG)Ready for up move
Buy near 775
SL 750-745
TGT 799-833-858
Must Correlate yourself also on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.
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.
