Berger Paints cmp 618 by Weekly Chart views
- Bullish W pattern followed by the Bullish Rounding Bottom by neckline at Resistance Zone
- Price closure needs to sustain above Resistance Zone to provide fresh upside breakout unlike false breakout of February 2024
Bergepaint is trading near resistance zone and we saw a sell-off in past from these levels.
Short trade can be taken in Bergepaint and refer to green lines marked on the chart for targets, trade will be valid until top red line is intact on the upper side.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
Berger Paint likely to form Head & Shoulder Pattern.
Wait for breakout from 675 level if you are safe investor.
Risky investor can enter at current level 565 to get more gain.
#Current Price - 565
#Expected Target - 900
#Resistance Based Targets
- Target 1 - 712
- Target 2 - 900
#Support Based Targets (Can be used as Stoploss)
- Target 1 - 563
- Target 2 -...
There 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.
NSE:BERGEPAINT
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called...
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
Trade Setup for 27-04-2022
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...
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...
Hi Everyone, Berger paint seems to be creating an ascending triangle which indicates a possibility to become bullish on this stock.
Buy at 753-755 makes sense for a swing opportunity and an easy grab would be levels of 765-767 easily.
Considering further it can unfold more highs.
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.
CMP: 840
The stock has been rejected multiple times from 850.
Same happened today.
Some consolidation or a down move is expected in this stock.
If it manages to hold the support levels 795 and 773, it can make new ATH and we may see higher levels.
Expectation: 891, 933
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...
![BERGEPAINT: Simple Trade Setup | BERGER PAINT | 27-04-2022 [INTRADAY]](https://s3.tradingview.com/5/51zhCTKB_mid.png "Simple Trade Setup | BERGER PAINT | 27-04-2022 [INTRADAY]")
![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]")
