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.
1) Taking strong support at 10 sma (15min). 2) 25th oct close = 26th open. 3) 10sma crossing 50sma (15min) 4) view buy above 740.5 for tgt of 760....780.
Good breakout from previous resistance of 847. RS is still below 0 on 2HR and Daily candle. If RS turns positive in next 1-2 session we can take entry with short term targets 900, 980 and medium-long term target 1050 and 1150 with good support of 775. Because RS is below 0 line it's a risky trade. All time high is 872.95 that can be next resistance too.
Good breakout above 804 levels Probably pull back near those levels shud be bought Levels Marked.... Happy Trading
BP is trying to stay in the trendline- support area. A good buy can be seen at the 812-818 levels. long targets are given. please keep stop losses in place. cheers.
ATH breakout Blasting volume RSI Showing Strength Support :- 760 Target :- 900+ Q4 Highlight:- rev up 50% YoY, EPS up 101% YoY Educational Purpose
After in the tight zone Berger paint tries to breakout from the zone. If candle loses above the Trendline we can expect a good move in this stock. Entry will be around 840-846 Sl below the trendline Target 3-5%
Nice consolidation setup for BERGER , add it to your watchlist and wait for breakout levels
Note: 1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline, not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
BUY BERGER PAINTS Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
Does simple things work in technical analysis. Plain weekly trendline working 4 times earlier will it still work the same this time? Only time can tell. But this can be low risk entry area.
NSE:BERGEPAINT showing bullish uptrend. Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be...
NSE:BERGEPAINT Observations: 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...
A festive season is around the corner and people start to renovate their infrastructure (homes, factories, offices, etc.) and I'm eyeing Asian paints and Berger to capitalize on this consumtion.
CMP: 840 The stock has been rejected multiple times from 850. Same happened today. Some consolidation or a down move is expected in this stock. If it manages to hold the support levels 795 and 773, it can make new ATH and we may see higher levels. Expectation: 891, 933