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.
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.
Berger Paints is trying to give a breakout but so far not seeing any increase in volumes. Price breakouts without volumes are usually fake breaks or traps. If the volume picks up then it will be a good candidate for longs.
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
start reading books
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"
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,...
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...
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.
Trade Setup for 26-04-2022
1) Don't Jump in to trade at...
Hi everyone, Berger paints mid term swing trade consider buy above: 768, target: 835, stoploss: 752.
LOGIC BEHIND TRADE: Stock has bounced from it`s daily support & formed (W) pattern and given breakout of it`s resistance & buying on pull back is idea and makes RR good, if sustain above 835 can go upto all time high (targets identified from harmonic xabcd pattern...
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
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...