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Bergerpaints

Berger paint long moveBERGER paints move Chart currently at medium term support which earlier was resistance on the charts. Refer long term chart for better understanding. Expecting some upmove as it's breaking the downward channel and trying to move up. First week will move up for few percent then retracement of the chart and then expecting some breakout move of 674 - 770 With base 534 - 594. Volume to play some role as well as the crude prices. No recommendations, just my view based on the charts.
NSE:BERGEPAINTLong
by viki9
1
Berger Paints - at Fair Valuation? 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 that Berger paints has a very strong moat, which cannot be easily replaced by a new entrant, although it might cause short term headwinds in growth. Since 2009, it is the first time that the share has touched 200 EMA levels in weekly chart. A breakout from the short term downward trendline can lead to slow up-move towards 800 levels again. 550 is a key support, the share is already at S3 Fibonacci level. It will be interesting to see if this correction deepens like in the case of Divis labs, or bounces back.
NSE:BERGEPAINTLong
by Aayush_Rungta
This could be my last idea want your support 😥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 the small gap also I got that to follow us and like the posts and Comment Below If You want to ask me questions on this on any other idea Have a Nice Day to you all Made By MAYANKTECHRESEARCHING We are not responsible for any profit or loss Based on Your Own Risk this is only to show you what's going on
NSE:BERGEPAINTShort
by MAYANKTECHRESEARCHING
4
#Bergerpaints #bergerpaint Support levelsNSE: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 PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone). ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:BERGEPAINTLong
by linesandlevels