A short term technical tradeCup and handle formation and breakout ... Price is resisting to close below key level 515.... Target 591 and stop loss below 507.45 closing basis...not any recommendation...only for study purpose
BERGEPAINT trade ideas
BERGER PAINTSBerger Paint soon might come above 200 dema.
once above 200 dema and a major resistance, it can give a good rally .
as diwali is coming paint stocks have good reversal chances.
Disclaimer: only for education purposes, no buy or sell recommendation. we are not sebi registered. always discuss first with your financial advisors
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.
BERGER PAINTS crossed today 50 MA forming a nice falling wedgeBERGER PAINTS just closed today above 50 EMA with a huge upside potential. Target 550.
Time to accumulate Berger paintsLooks like bottom is in for this share. Safe till it respects the stop loss.
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 ✌🏻
BERGEPAINTNSE:BERGEPAINT
Buy@cmp 490
Sl- 450
Support@480-475 where you can add more
follow srtict Sl
Target- 506/531/553/578+++
It will take time so swing traders only
Rsi> 50 @one hr time frame
short term MA showing BUY BUY
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.
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 :)
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