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...
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.
Note: 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.
NSE:BERGEPAINT
Fresh 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)
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 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.
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 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.
Berger paints waiting for a breakout
Berger paints waiting for a breakout
Berger paints trading at demand zone and it is likely to take support and reverse. Trade is valid only above trendline. Levels mentioned on chart
We have got 11 points profit on berger and its over!