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
NSE: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...
Hi,
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,...
NSE:BERGEPAINT
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...
NSE:BERGEPAINT
Observations:
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.
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Trade Setup for 26-04-2022
1) Don't Jump in to trade at...
Here are some evergreen stocks which are 25% yearly compounder for last 10yrs with strong fundamentals and available near strong support zone.
-: NSE:PIDILITIND - available @2370 and strong support around 2250-2300.
-: NSE:BERGEPAINT - available @685 and strong support around 650-680 less than 30 rupees risk.
-: NSE:MINDTREE - available @3785 and...
Negative Divergence in Berger Paint with RSI. But, this does not ensure a down move. We can expect a down move only and only if the prices break the trendline. One should be cautious and wait for confirmation.
Disclaimer : Only for educational purposes
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
Berger Paint formed Pennant Pattern and now facing resistance at 200 Day EMA line (Blue in chart) and volumes are dried up..
Its Technical indicators also shows some weakness,
1) RSI crossing down its 100SMA,
2) Stochastic RSI shows bearish cross down
As you can see in the chart, stock is consolidating in the range.
.
So tomorrow if stock goes above 751, we can buy this trade for the target of 766.
.
Note: Be cautious, we can see the volatility on tomorrow.
Hi Everyone, Berger paint seems to be creating an ascending triangle which indicates a possibility to become bullish on this stock.
Buy at 753-755 makes sense for a swing opportunity and an easy grab would be levels of 765-767 easily.
Considering further it can unfold more highs.
Berger Paints showing a good setup for a long trade with Risk Reward Ratio of 2
1. Double Bottom
2. Descending Triangle
3. RSI Divergence
Target and SL marked on charts
Very high probability that we have seen the reversal in the stock from the same area. buying range between 725-740 for the next target level of 825-850 with SL of 685-690. This is for your educational purpose only.
![BERGEPAINT: Simple Trade Setup | BERGER PAINT | 27-04-2022 [INTRADAY]](https://s3.tradingview.com/5/51zhCTKB_mid.png "Simple Trade Setup | BERGER PAINT | 27-04-2022 [INTRADAY]")
![BERGEPAINT: Simple Trade Setup | BERGERPAINT | 26-04-2022 [INTRADAY]](https://s3.tradingview.com/o/oXk9yCp1_mid.png "Simple Trade Setup | BERGERPAINT | 26-04-2022 [INTRADAY]")
![BERGEPAINT: Beger Paints Long [Double Bottom ]](https://s3.tradingview.com/k/KFgfJj1R_mid.png "Beger Paints Long [Double Bottom ]")
