In the last trading session, BERGEPAINT breakout its recent support line which is the neckline of Double top pattern. After the breakout of this support burger paint may fall upto 707 level.
Reverse hammer candle with huge volume at top indicated selling pressure. Can sell at the next resistance level.
Berger Paints India Limited : Paint Company ( NSE:BERGEPAINT ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for INTRADAY traders. Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this...
Ascending Triangle Breakout seen in Berger Paints with high volume. Buy only if the high of the breakout candle is broken. Target a 1:1 ratio. Buy levels: 569-572 Stop Loss: 539 Target: 598
#POSITIONAL CALL BERGEPAINT:- CMP 520 BUY ON DIP WILL BE GO UPTO 550++
BERGEPAINT showing a clear pullback move on daily timeframe candle. Preceding impulsive red candle with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction. Long above 498.40 Short below 488.90 Target 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower...
BERGEPAINT showing clear pullback move on daily timeframe candle. Preceding impulsive red candle with a large range followed by a small ranged green candle, hence trade the breakout of the pullback green candle in either direction. Target 1% in either direction. NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
The last pin bar is showing price rejection. Rejection zones are areas where there is no equilibrium in price. The asset is either over or under valuating, meaning that the market might be oversold or overbought. It's important to spot these rejection zones to know when to avoid a trade and where the key pullbacks are. Maintain stop loss
BERGEPAINT - trading with strong support even though we see strong fall in market in past 4 days. Considering the trend, incase if breaks we can see further upside. Can add to watch list for breakout
Swing trading - Small target and strict stoploss. Once it reached the target, you may want to go for rolling stoploss
SELL below 423.50 SL 425.50 Targets 421.50, 420, 419
BERGEPAINT is a RISK BUY. Try to trade only in CASH market. DO NOT TRADE FNO. BUY ----- 308 SL ----- 304 Target ----- 316 Please consult your financial adviser before investing.
Sell Berger Paints Limited parallel channel top so possible Come Down Target :1 RS: 320 Target :2 RS: 310 Target :3 RS: 300