So, get ready for booking profits as this short trade is superbly set and is supported by RBI's bubble in equity market news
Berger Paint - Cmp 752.75 Triangular breakout candidate with good volumes. Looks good for long position. Possible targets of 773/820 and support levels are marked on the chart.
The chart is self-descriptive. Please share your views and observations. Thanks
BERGERPAINT Buy -Above 775 SL- 750 Target- 800 825 850 875 900 Always use alerts for trading. Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup. Do follow us Like Us Share with fellow traders Also check the below related ideas for other stocks.
Sell Berger Paint Closing Price 714.75 SL - 741 (DCB) Target - 655-660
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
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
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.
NSE:BERGEPAINT | (Positional Trade) Entry:- 600+ (Candle Close) Stop Loss :- 560 or (According To You) Target:- I Don't Know Because It is Breaking Above All Time High's. (Risk Must Be Managed.) Keep Your Eyes On Index Give Me A Thumbs Up...👍 😜Follow For More ✔ --Any Suggestions--
All the Points of why the trade makes sense i included in the chart. Also, the earning report is due, that will decide the rebound or the breakout of the stock.
Bullish engulfing candle, Chances are high on buy side above the trend line.
Berger paint is preparing for Accumulation level and preparing for breakout. good stock for long term holding
will like to stay short with sl 1300/1310 zone positional for 1200 targets