NSE: BERGEPAINT is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 15% gain on...
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.
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Happy Trading!
Berger paints breakdown from "symmetrical triangle" chart pattern in daily time-frame. I am expecting huge downside rally after a retrace till Rs 591 (which also translates to 1:6 Risk Reward).
I am planning to go SHORT at 725-730 Levels (but not before 3:00 PM), wicks at the top of daily candle tomorrow will add extra confirmation to our trade.
Entry 725-730
SL...
Berger Paints appears to present a favorable opportunity for a long position. I've outlined the entry price, stop loss, and target levels for this stock within the chart.
Please keep in mind that these are my personal opinions, and I don't recommend you follow them as stock tips. I encourage you to study the chart and share your feedback so that we can...
#bergepaint #paintstocks #swingtrading #momentumstock #patternbreakout #Trianglepattern
#bergerpaints : Swing trade
>> Breakout Candidate
>> Stock just above the Supply zone
>> Beautiful Triangle pattern Visible
>> Good Strength in stock
Swing Traders can lock thier 10% profit & keep trailling
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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...
Key highlights:
- Possible selling climax in February.
- Shift in the market structure.
- Triangle formation.
- Daily demand zone at 550-565.
- May head towards 700 in Q3/Q4.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
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
After a good upside rally as can be seen in the chart, 'Berger Paints' went into a consolidation phase.
today it has broken the consolidation zone and also has changed the trend in the smaller time frame.
Now we can keep it on the radar for the coming days so we can see if this is a breakdown which is more likely to happen or a fakeout to trap sellers.
both side...
Berger Paints India Ltd
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Reversal of Symmetrical triangle Pattern .
✅ It can give movement upto the Reversal target of above 593+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 637+.
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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Technical Analysis
Chart type: Daily
Chart Pattern : Cup and Handle
RSI: Above 50
Price: Above 20 & below 200 SMA
The chart pattern is a cup and handle, and the price is close to breaking out, which is a good sign. However, the price is currently below the 200-day moving average. This suggests that there is a possibility that the price may not move soon, but...
