Berger Paints Bullish BiasFresh Breakout above 600
Can be bought at retraced levels or around 600/602 at breakout region
if it retests then its positive sign for the stock
Stop Loss 570 levels
Target is Open (as per your appetite)
Berger
Berger Paints - Bullish Engulfing Note: This is for educational purpose only.
There seems to be a bullish engulfing on 21 EMA. 21 EMA has been acting as a dynamic support in the past. Moreover, 21 EMA is above 55 EMA which acts as a short term uptrend. RSI above 65 indicates bullish momentum.
BERGER PAINT MAY SHOW SOME CORRECTION BEFORE GOING UPWARDBerger paint made a bearish engulphing at its resistance, below PDL (574)sell can be initiated for the first target of 568 (trendline support). If this trendline breaks 550 can be seen in coming session. SLto be maintain at 583, keep trailing your SL if trade goes in your direction.
SELL BERGER PAINT ema 20 IS GOING DOWN ema 200, BEARISHNESS IS GATHERING.
lOOK AT THE PAST EXMAPLES AND THE PROCE RANGE IN SHORT AND LONG.
Berger Paints Daily Chart Analysis Berger Paints is consolidating in a triangle pattern also taking support on 200 days ema .. keep an eye on it.. if market support can give breakout for min 100,200 points.
Manage your Stoploss.
Pair - Asian Paints, Berger PaintsThe pair ratio was consolidating for 3 years (Nov'16 - Oct'19) in the range of 3.899 - 5.030
It broke down in Oct'19.
161.8% retracement of the above consolidation was at 3.201. The ratio made failed attempts to breakdown below this level, only to revert back to 3.899.
The ratio has again reached (almost) the same retracement level of 3.201, with RSI making higher lows.
As long as the ratio is above 3.201, it would attempt to move up to 3.630, 3.899
Berger Paints trading at shorterm supportBerger paints trading at demand zone and it is likely to take support and reverse.
Trade is valid only above trendline.
Levels mentioned on chart
berger paint fundamentals and panic criss cross crude is down is fundamental positive
market panic is near term negative
FMCG index structure of fmcg gap , support , resistance , parallel channel all been shown in the chart
BRITANNIA
ITC
HUL
COLPAL
DABUR
CHECK ALL OUT
BERGER PAINT - Short-term ViewStock has seen a breakout from its 15 day's range, hence it might head towards testing its previous high. i.e 343-349 levels in the short- term
BERGEPAINT #BUY ABOVE 295INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 2nd, 2018)
BERGEPAINT #BUY ABOVE 295
BERGER PAINT1) Looking to reverese from trend line to 20MA
2) OI of future also fell on friday
3) Asian paints is also consolidating at 1400 levels
4) SL 337
