🎨 #bergerpaints we might get reversal for intra short or swing NSE:BERGEPAINT
its bearish AB=CD pattern stock is so bullish but we might get reversal in intra so one can short as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Bergerpaints
Stock Analysis of Berger PaintPrice -647.75 Dt. - 27-11-2020
The stock is moving in a range from May. In the last trading session, the stock took support at 21DEMA and the support line which is placed at ₹638.65. If the stock opens in green then it can go up to the price level of ₹669.85.
Price bounce back after touching the 21DEMA line and occasionally the price breaks the 21DEMA line and goes till 50DEMA.
Buy - ₹648.5 and SL - 638.65 Target - ₹669.85.
Berger Paints is at support Berger paints is at support and it did not break the trend line and there was no selling pressure either as indicated by below average volumes. Good point to initiate longs.
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NSE:BERGEPAINT
Stock Analysis of Berger PaintsPrice - 628.40 Dt. - 03-11-2020
On a daily chart, the stock is moving in a range. Price bounce back after touching the 21DEMA line and occasionally the price breaks the 21DEMA line and goes till 50DEMA. It looks like the price can come up to 21DEMA or if there will be selling pressure than the price takes the support of the 50DEMA or the below trendline. RSI is near the overbought zone.