BERGER PAINTS IS IN CONSOLIDATION AS ON THIS WEEK, IN MY VIEW MORE PROBABILITY FOR SHORT SELLING SIDE IN DAILY TIME FRAME. THIS STOCK LOOKS LIKE OVER BOUGHT AT THIS TIME AND IN CONSOLIDATING RIGHT NOW. AS PER TECHNICAL AND PRICE ACTION IN DAILY TIME FRAME ITS SIGNALING SHORT SELLING ONLY.
There is a good chance #bergerpaint will move up. Target: 723 / 727 / 734 #nse #bse #nifty #index #sensex #StockMarket #stock #banknifty #trading #tips #option #equity #stockstowatch
Reverse hammer candle with huge volume at top indicated selling pressure. Can sell at the next resistance level.
Im not an expert im just sharing my views on BERGERPAINT for tomorrow Im not responsible for any profit or loss this is not a recommendation
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.
Asianpaints and Berger paints are over stretched due to the Price changes of the product in various part of the country. both asian paints and Berger paints will be good swing sell after the sell signal for a week.
berger paints formed parallel channel
sale for tgt 656, 653 stop 673 or as comfort disclaimer - trade @ own risk
Price -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...
Note: This is for educational purpose only. There seems to be a bullish hammer formation at 21 EMA which has acted as dynamic support in the past. Moreover, this hammer seems to have formed at previous resistance turned support. This increases the confluence.
After consolidation in range in today's session, BERGEPAINT shows the breakdown of its support line. Possible downside minimum target according to chart pattern is 620.
Sell berger paint below 644 TGT 642-639-635 SL 652
Berger is on clear breakout and traversing in uncharted territory . One can consider buy on this scrip with target of 663 . Once 663 level is crossed then next target would be 790 and trail the stop loss to 663.