Berger
Berger Paints - CASHThere can be a breakout coming on daily chart of BERGEPAINT. As the stock trying to break resistance of 605-608.
Also looks like an inverse double top pattern on the chart therefore we can create a long position and expect a target of 625-630 with a stop loss at 604-603.
BERGER PAINTS LTD --- BREAKOUT - Celebrate Colors BERGER PAINTS LTD --DAILY CHART SETUP -- BREAKOUT --Let's celebrate colors
1. DAILY trendline breakout seen above 575 sub level ,
2, LOWER CHANNEL breakout seen on daily chart
3. RESISTANCE breakout also seen above 575 level
4. CCI , EMA positive crossover seen .
5. Moving Avg , MACD Bullish, RSI near 60 level, strong bullish .
6. BUY Above Resistance breakout level 575-580 AT near cuurent cmp TARGET 600-620-650 + ( 1-2 month ) stop loss 540
7. RISK reward ratio 1 :3
** THIS IDEA IS FOR EDUCATIONAL PURPOSE . trade at own risk !
* LETS CELEBRATE COLORS ..HAPPY HOLI.
HAPPY TRADING !!
Berger Paints - at Fair Valuation? Berger Paints is 2nd biggest player in Indian Paints Industry after Asian Paints, with great penetration in Industrial paints segment.
The industry has been facing pressure from rising competition with entry of other players like Grasim.
As a result of missing latest quarter estimates, the share has corrected from ATH of 872 to 580 levels ~ 35% down.
I believe that Berger paints has a very strong moat, which cannot be easily replaced by a new entrant, although it might cause short term headwinds in growth.
Since 2009, it is the first time that the share has touched 200 EMA levels in weekly chart.
A breakout from the short term downward trendline can lead to slow up-move towards 800 levels again.
550 is a key support, the share is already at S3 Fibonacci level. It will be interesting to see if this correction deepens like in the case of Divis labs, or bounces back.
Positional Buy on BERGER PAINTSTaking Support on 200MA Weekly time frame.
On daily time frame Berger Paint has good support area between 540- 570 (Stock has good volume in this support zone)
Results is in line with market expectations and management commentary shows profit margin can increase in upcoming quarters by 250 basis point.
Buy for target of 660/700.
Holding Period 2 to 3 months
Keep Strict SL of 535
Buy Berger Paints For Short Term Hello Everyone I am Mr.sardar, Here is my Analysis about Berger Paints Share . To Get 7% Return With in Two months Now You can buy it. 🚫 This analysis only for Educational purpose 🚫
💶Buy Berger Paints Share at the price of 614
🎯Target of 657
🚫 Do Not Use Stoploss
🙏 If It is Helpfull For You Please Do a Comment " Helpfull"
Berger Paints - Short Term Buy - 26/4/2022Hi,
This is a daily chart of Berger Paints.
It looks good for a short term.
It Looks a good buy above 725.50, with a SL of 712.50 and target of 745 and 770.
The current TF Macd is strong and is giving a buy. Its above Zero line.
Although the weekly MACD is below zero line, but it has given a crossover, so longs can be initiated for short term.
Rsi is above 50, another positive aspect.
Risk reward is also good, high probablity it will touch 770 in coming days.
Currently finding support at the Lower channel and high probablity it will touch upper channel in coming days.
Disc : Educational Purpose only
Neo
Simple Trade Setup | BERGERPAINT | 26-04-2022 [INTRADAY]NSE:BERGEPAINT
Observations:
1) On 1day time frame, we can see long term resistance channel.
Please refer below chart : 1day time frame.
2) On 15min time frame, we can see short term resistance channel.
Please refer below chart : 15min time frame.
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Trade Setup for 26-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Berger Paints Ltd - 31.12.2021Berger Paints Ltd - 31.12.2021
The stock is trading @ 771 levels
There is a Resistance Zone @ 781 levels
There is a SPINNING TOP in daily chart
The prices are above ema
Hammer is taken off by a long white candle in weekly chart
Let the prices go above 783
watch out for the price action
Berger Paints Good breakout above 804 levels
Probably pull back near those levels shud be bought
Levels Marked....
Happy Trading
Simple Trade Setup | BERGERPAINT | 27-09-2021NSE:BERGEPAINT
Observations:
1) On Daily Time frame, it has been taking suspport from 100DMA and broke 50DMA with good bullish candle and good volume on 24-09-2021.
Major resistance is at 840 level. If it holds to stay above it then it will be bullish for short-mid term.
Please refer below chart : Daily time frame.
2) On 30min time frame, it has made breakout of rounding bottom.
Please refer below chart : 30 min time frame.
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Trade Setup for Date 27-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respsective level considering how price action works near that level.
LONG ON BERGER PAINTSA festive season is around the corner and people start to renovate their infrastructure (homes, factories, offices, etc.) and I'm eyeing Asian paints and Berger to capitalize on this consumtion.
Simple Trade Setup | BERGEPAINT | 06-09-2021NSE:BERGEPAINT
Observations:
1)On 1hr Time frame It gave breakout of rounding bottom pattern. Critical support level is 825. For the good upmove it has to give breakout of 840 level.
Please refer below chart : 1 hr time frame.
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For POSITIONAL long trade one can take long position from CMP as far as it is trading above 820 level. SL will be 811 and target will be 880/890.
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Trade Setup for Date 06-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
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Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BERGER PAINTS--> Quick 5% upside potentialThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
POTENTIAL BREAKOUT - BERGER PAINTSBerger Paints Quarter results will be out tomorrow. Like Asian Paints, I am expecting good results. If it goes right, we might see the share going upside of 900, otherwise it might settle for 730 range. RSI is overbought now, so I am expecting a little dip before the rally.
Will Berger Paint Take Support HereBerger Paints is following the lower trend line and expected to see the support again.
Intraday Trades would be posted in our TradePro group.
Happy Trading!
InvestPro India Team
Bearish divergence in Berger PaintsAfter a long bull run in Berger paints the stock is showing signs of underlying bearishness.
CCI is coming near 100 line showing bearish divergence with respect to price.
Rsi is also showing flat and diverging in the direction with respect to the price.
An increased VIX Implies greater Voltality in the markets.
A correction is expected Soon.
Trade with strict stoplosses. NSE:BERGEPAINT
🎨 #bergerpaints we might get reversal for intra short or swing NSE:BERGEPAINT
its bearish AB=CD pattern stock is so bullish but we might get reversal in intra so one can short as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Berger Paint - Hammer at 21 EMANote: This is for educational purpose only.
There seems to be a bullish hammer formation at 21 EMA which has acted as dynamic support in the past. Moreover, this hammer seems to have formed at previous resistance turned support. This increases the confluence.
