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%
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.
enter after rally touch 600 see the chart i draw carefully ,Do like ideas , do follow me for more ideas on other shares like Asian paints , L&T , etc.. this is just An idea .
As i have drawn , it is clear tracing supports and resistances to lines , so we can exapact clear break to upcoming new high.. do follow me for more ideas on other shares like reliance , L&T , et c.. this is just An idea .
A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for...
The silent stock from paint industry i.e. Berger paints is almost ready to boost like a rocket. It has formed an triangle chart on daily time frame and just check the volume on 14-05-2021. A potential big move can be seen and target is clearly marked on the chart with purple rectangle for further reference.
Asian Giant consolidating bwtn 2650-2680 and we might see breakout upside/downside in coming days.
Support at 50 DMA, if it breaks the next support at 200 DMA.
If increases- then levels at 2775/2875.
Asian Paints:
Buy above 2420 SL 2385
Target: 2436, 2452, 2468
Posting for Educational purpose only
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In the chart, we can see a formation of rounding bottom along with double bottom chart pattern. RSI Divergence supports the bullish view. Long options can be bought. Asian paints can be seen touching the levels of 2800+ by the last week of March.
Asian paint Triangle breakout and Feb - Ret breakout are same at
Entry - 2570
1st target - 2770 ( 7% )
2nd Target - 2890 ( 4.5% )
Stop Loss - 2526 (2%)
