Berger paint setup is looking a good candidate where I see a potential short covering can come in next few session. If it sustain above the marked resistance levels it can be good intraday pick in coming session.
Also, with crude down by 7% today - could be a trigger here ?
Keep in watchlist
600CE Chart
Asian Paints has formed W pattern on daily chart. We can take a swing trade here.
Entry:
We can go long after close of strong bullish candle near neckline of W pattern.
Target:
We can keep Target1, Target2 near the next resistance zones as marked on chart.
Stoploss:
We can keep stoploss below the neckline of W pattern.
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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
do workout
do meditation
start reading books
Key highlights:
- Sitting in the monthly demand zone
- Hovering around 200-week EMA since May 2022
- Can give a positive reaction if buyers turn up
- Possible bear trap in formation
- 100 month EMA is just below the demand zone
- Seems like a good investment opportunity
Monthly - 50 EMA and 100 EMA for reference
Disclaimer: This is NOT investment...
Berger Paints is 2nd biggest player in Indian Paints Industry after Asian Paints, with great penetration in Industrial paints segment.
The industry has been facing pressure from rising competition with entry of other players like Grasim.
As a result of missing latest quarter estimates, the share has corrected from ATH of 872 to 580 levels ~ 35% down.
I believe...
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"
Berger Paints is a leading Paints segment company in India.
After tepid results from Asian Paints as well, the share has seen a fall in prices.
It is at 37% discount from High, levels which have been key fibnacci support for it in the past as well.
It remains to see if the share can recover from here, or more fall is due.
Not an Investment advice, only for...
Stock was in down trend after hitting ATH few months back. Before Breakout the downward trend line, stock consolidated in a tight range for few weeks clearly indicating that stock has made its bottom. Stock has given BO of trend line and Retested it today, although market was very bearish. Also stock is trading above 50DEMA and it is aslo sloping upward. A good...
Berger Paints India Ltd (BRGR) break out level
Buy above 668 . Go long target price 678, 687,702
Get ready for the rally Berger paints. Time to accumulate Berger paints. Thank you.
BERGER PAINTs IND - is breaking upper trend line in Daily time frame and consolidating for its Bullish move.
Buy now @ 675 - 680
Stop Loss = 660
Target = 735 / 798
Thanks!
NSE: BERGEPAINT
Hello guys today after seeing the chart I got these things
1. If goes down then the target could be taken at 620 This could be taken as a maximum downside target
2. Time Frame:- 1 Day
Conclusion:-
A Resistance which is at the current level I have seen some forecasts show that it could be down and could be followed by the market but if it breaks...
NSE:BERGEPAINT
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
