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...
Taking 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...
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"
Hi,
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,...
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...
Berger 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
NSE: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...
A 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.
NSE: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...
The 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.
Berger 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.
Berger 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
After 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...
![BERGEPAINT: Simple Trade Setup | BERGERPAINT | 26-04-2022 [INTRADAY]](https://s3.tradingview.com/o/oXk9yCp1_mid.png "Simple Trade Setup | BERGERPAINT | 26-04-2022 [INTRADAY]")
