Berger Paints Bounces Back – Targets Within ReachHello everyone, i hope you all will be doing good in your life and your trading as well, Today i have brought very strong fundamentaly strong stock which is reversing from important support zone, Stock name is Berger paints and it is known for its wide range of decorative and industrial paints. Over the years, it has built a strong reputation for innovation, quality, and a robust distribution network. With increasing demand for premium and eco-friendly products, Berger is well-positioned for long-term growth.
Let's discuss Technical and Fundamentals about this Gem stock:
Technical Overview:-
Berger Paints is sitting at a strong support zone around ₹425-450, a level that has consistently held during market corrections.
It’s showing signs of recovery with the formation of a Morning Star pattern on the weekly chart—a bullish reversal signal.
The immediate resistance lies around ₹500-550, with a medium-term target of ₹630+, where multiple resistances have been tested in the past.
Fundamental Insights:-
Solid Growth Story: Berger has consistently grown its revenues, thanks to strong demand in decorative paints and its expanding presence in rural and urban markets.
Resilient Margins: Even with rising input costs, Berger has maintained steady profit margins, reflecting its operational strength and pricing power.
Future Prospects: With urbanization on the rise and increasing preferences for high-quality paints, Berger is set to benefit from long-term industry trends.
Market Cap
₹ 53,465 Cr.
Current Price
₹ 459
High / Low
₹ 630 / 438
Stock P/E
46.6
Book Value
₹ 48.0
Dividend Yield
0.78 %
ROCE
27.5 %
ROE
23.5 %
Face Value
₹ 1.00
Industry PE
46.6
Debt
₹ 797 Cr.
EPS
₹ 9.82
Promoter holding
75.0 %
Intrinsic Value
₹ 129
Return over 5years
1.09 %
Debt to equity
0.14
Net profit
₹ 1,147 Cr.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Tradingtips
Nifty 50: Tomorrow's Key Levels & Bullish Opportunities to Watch📈 Nifty 50 Analysis – Bulls Are Gaining Control!
The Nifty has made a strong comeback from a crucial support zone, and the signs are clear: the bulls are gearing up for action. With key levels now in place, there’s a great opportunity for traders to take advantage of the market’s potential momentum.
🔑 Key Levels to Focus On:
Support Zone: 23,370 – 23,460
This zone acted as a solid foundation for Nifty’s reversal. As long as it holds, buyers will likely maintain control.
A breakdown here could trigger a bearish wave.
Resistance Zone: 23,850 – 23,860
A critical barrier for Nifty to clear before it can continue its upward journey.
Buy Above: 23,716
If Nifty crosses and sustains this level, it signals a bullish breakout.
Targets:
🎯 1st Target: 23,860
🎯 2nd Target: 23,937
🎯 3rd Target: 24,064
Short Below: 23,545
If Nifty falls below this level, a bearish move could unfold.
Targets:
📉 1st Target: 23,460
📉 2nd Target: 23,285
📊 Market Indicators:
RSI (Relative Strength Index):
The RSI is rising steadily, reflecting growing bullish momentum.
Volume Surge:
The rebound from the support zone came with higher volumes, signaling confidence among buyers.
💡 Scenarios to Plan For:
🚀 Bullish Move:
If Nifty breaks 23,716, expect it to move toward 23,860 first. Once it clears this, the next logical steps are 23,937 and 24,064.
📉 Bearish Turn:
If Nifty drops below 23,545, a fall toward 23,460 is likely, and if selling pressure increases, it could extend to 23,285.
Pro Trader Tips:
Stick to the Plan: Always trade based on the levels and targets mentioned.
Set Stop-Loss: Manage your risk by placing stop-loss orders just below or above key levels.
Watch Volume: Ensure any breakout or breakdown is supported by strong volume to confirm the move.
🔔 Final Takeaway:
The current market setup is exciting, with a clear bullish potential. Keep an eye on 23,716 for confirmation of the upward move. At the same time, stay cautious around 23,545, as a break below this level could flip the sentiment. With three clear targets on the upside, this is your chance to trade with confidence and make the most of the market.
📜 Disclaimer:
This analysis is for educational purposes only and not financial advice. Please trade responsibly and manage risks effectively.
💬 Let’s Connect!
👍 Like this post if it helped you.
💬 Comment your thoughts or questions—I’d love to hear from you.
🔔 Follow for daily updates and insights.
📢 Check my profile for more educational content and trading ideas.
@TraderRahulPal 🚀
Swing Trade Alert : HSCL BreakoutI'm excited to share a promising swing trade setup for Himadri Speciality Chemical Limited (HSCL).
The stock has given a strong breakout on the daily chart, backed by significant volume, pushing above the crucial resistance level of Rs 390.
The stock has made a run-away gap on daily chart. With the stock trading above its 50-day and 200-day moving averages and an RSI at 65, HSCL shows a bullish outlook.
The breakout volume indicates strong buying interest, making it a compelling swing trade candidate.
The stock can seen touching new levels on higher side in upcoming day. Keep this in radar.
𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐲
Himadri Speciality Chemical Ltd is a global speciality chemical conglomerate
Specializes in producing speciality carbon black, coal tar pitch, refined naphthalene, new energy materials, SNF, speciality oils, power, etc
Serving industries such as lithium-ion batteries, paints, plastics, tires, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals.
Happy trading! 📈
Disclaimer: Chart shared is for educational purpose and does not include any investment or trading advice
Wondering where the Dollar is headed next? He're is a hint. Analysis
A five wave decline from 107.34, the high on Oct 03, 2023 to 100.62, the low on Dec 28, 2023.
In Elliott terms, this impulse structure tells us that the movement at the next larger degree of trend is also downwards. Within this impulsive structure, wave (i) is a Leading Diagonal, wave (ii) is a Flat which neatly predicts a Zigzag wave (iv) by guideline of Alternation. Both waves (iii) and (v) are extensions. The impulsive decline holds well within the parallel trend channel as is often expected.
A five wave move is always followed by a three wave corrective pullback or variation thereof, irregardless of degree; in this case, a rally wave ((ii)).
To where? The Elliott wave guideline on the depth of corrective waves suggests that price action should ideally end within the span of travel of the previous fourth wave of one lesser degree.
Second, the ensuing correction, wave (ii) is unfolding as a sharp Double Zigzag correction labelled (w)-(x)-(y) with waves (w) and (x) completed, wave (y) in progress.
In ratio relationships, sharp corrections tend more frequently to retrace 61.8% of the previous wave particularly when they occur as wave (ii) of an Impulse or wave (b) in a larger Zigzag.
Also, the actionary waves in a Double Zigzag correction namely waves (w) and (y) are often related by equality or Fibonacci (0.618) in time or amplitude.
wave (y) = 0.618 X (w) at 104.87; this level falls neatly within the previous guidelines.
Thus, the cluster of evidence suggest the rally is nearing its end and a reversal is onset; a third wave.
Trade Plan
1) Conservative Approach
Entry: Short at 104.879; the 0.618 retracement.
Protective Stop: 107.34; in an Impulse wave (ii) CAN NEVER retrace more than 100% of wave (i).
Target: 10.87 decline; in an impulse the third wave commonly travels 1.618 times the loss of
the first, as in:
wave ((i)) = -6.72 (100.62-107.34),
wave ((iii))= 1.618 X (-6.72) equals (-10.87)
Risk-Reward: 1:3
2) Aggressive Approach
Requires price action to break below a recent swing low; wave b of a Zigzag, that will virtually suggest the rally has ended and a reversal was underway.
Entry: Break below 103.89
Protective Stop: Recent swing high
Targets: Below 100.62
Risk-Reward: Greater than 1:3
NOTE: Stay tuned to get follow-up adjustments to stops as we monitor the move through completion.
#StopLoss : The Safety Net You Need#StopLoss : The Safety Net You Need
Ever danced with volatility?
Without a stop loss, it's like tightrope walking without a net.
Here's why it's a MUST:
✅ Protect Your Fund: Keep that hard-earned Money safe
✅ Sleep Tight: Close your eyes without the market nightmares
✅ Plan Your Exit: Know when to bow out gracefully.
Remember, it's not just about making money; it's about keeping it too.
Like/Share if you also Agree with my Post.
17 years #BreakoutStock#xchanging 17years breakout stock.
I do analysis based on candle closing basis.
Strong breakout will happen, long consolidation and breakout.
Target 1:160
Target 2: 195
Grand Tgt: 220
Stock is good to hold for Short to Long term Investment.
Still Maintain Risk-reward or Money management.
CEAT LTD - Fresh breakout on Daily and Weekly chartsEntire tyre manufacturing companies are in good position.
This tyre manufacturing company has given a strong breakout on daily and weekly chart. Volume near the breakout is also increasing which is good sign. The stock is in blue sky zone hence, possible targets in the chart can be calculated using Fibonacci retrenchment tool.
Disclaimer: Stock shared is for educational purpose and does not contains any buy or sell recommedations.
Long CENTURYTEXIn the last trading session, CENTURYTEX gave a breakout of the falling trendline and it consolidated before the breakout. MACD is positive and the structure is looking good.
Keep tracking it and try to tap good trade.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
3 Trading Stats that you must haveToday’s topic is all about three trading stats that you must have.
If you remember I have spoken about the three step trading methodology in our talks at conferences and seminars. One of the components of the three step trading methodology is the optimisation component. This is when you’re looking at your stats to see how you can optimise your strategy or review your stats, look at what going wrong, what’s going well and what can be improved. In that review, there are a few stats that you definitely must be looking at.
The first one is reliability. What this means is basically the percentage of winners to losers. So we are really looking at how many trades actually won as opposed to those lost. For example, sometimes you can have systems where there’s a 40% reliability of winners and 60% losers. Or you can also have systems where you have 70% winners and 30% losers. You can have either one. Usually with swing traders when you’re looking for low frequency and high profitability strategies, the reliability of these reduces because each trade is looking at giving you a higher profit. Let me explain that as we come to the second point. So the first stat you need to look at is reliability of the strategy.
Here’s the second point. Not only is it important to look at how many times you’re winning – because that’s not really the whole picture – so the second point is where we need to know your average winner to loser. What we call average win to loss ratio. Basically this is very similar to your reward to risk ratio. One critical thing I must mention is that some traders say that they have to take a 3:1 reward to risk ratio trade or a 2:1 reward to risk ratio trade – that is all expected reward to risk ratio. You need to see how well is your strategy actually performing. That’s the most important point. What we’re then looking at is then we’re looking at the average. We know the actual winners, so how much did they make to the average loss that they made as well. So even though you may have a 40% reliability system, it’s only winning 40% of the time, if your actual win is say £200 to an average loss of let’s say £80, we’ve got about 2.5:1. So we’re looking at average win to average loss and that’s what you need to calculate in your stats. How much is it winning on average to your average loss?
The final thing you need to know about stats is expectancy. In terms of expectancy what you’re looking at is basically your average net profit. Your average net profit divided by your average loss gives you your expectancy. What this figure is actually telling you is how much each of your trades is making. For example, if you had 0.5 all it’s saying is that through the expectancy formula and normalisation factor what it’s telling you is that each trade is making you 0.5% profit.
Here’s a very quick tip for you, something to think about. If you want to increase that number you need to reduce the loss factor. This is why every single trade you take, the most important thing I keep stressing to traders, is to keep managing and focusing on the risk because the up-side will always look after itself. When you do that, when your average loss is minimal, that expectancy number really starts shooting up.
So these are the three things you can look at for improving and optimising your systems to see how well your strategy is doing. First is reliability, second is average win to loss ratio, and third is expectancy.
Do look at these stats, read up on them, or even post a comment or email us your questions if you have any challenges in knowing how to come up with these figures. We have trade log journals that measures this with all the formulas in our Traders Essentials Kit.
I believe this has been very useful for you to analyse your stats and analyse your strategy performance so that you know how and where you’re going wrong and how to optimize your strategy to push that equity curve into positive territory. That’s the end.
So give us your comments, give us your feedback and keep in touch. Until the next time, as we always say, stay disciplined, follow your plan and Trade Like a Master.
Nifty View for 23-05-2023In Nifty Upper side 18440 is Important Level
and Lower Side 18050 is important level.
Previous day Nifty has closed @ 18314.
I have small changes in levels as per today movement of Nifty
Check Previous Day Level Performance and comment.
For any Feedback and Suggestion, please free feel to message us.
Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Bank Nifty Levels for 23-05-2023In Bank Nifty Upper side 44075-44150 is Important Level
and Lower Side 43750 is important level.
Previous day Bank Nifty has closed @ 43885.
Check Previous Day Level Performance and comment.
For any Feedback and Suggestion, please free feel to message us.
Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
SELL COPPERCopper has climbed to 811.60 on MCX from a level of ₹ 731 in first two weeks of OCT 2021 and it fell down to again 725 till the end of the same month.
Today Copper climbed to a level of ₹ 746, and now hovering around ₹ 738
Risky traders can take a short call on copper around 738 with a stop loss of ₹ 746 for a target of ₹ 720 .
UPL Falling ChannelUPL has been trading in falling channel and is currently near the upper band of channel, price rejection is visible at these levels. The price action behaviour of this channel indicates that we can see some fall in UPL and price could go to 700 & 680. View neglected if price breaks the upper band and sustains. Stoploss for this setup is 768 or conservative traders can use channel break as an exit trigger. As shorting a stock on carry forward basis is not possbile and not everyone has adequate margin future trading so here is some strategy that we can use in options :-
Bear Call Spread - use strike price of 800 or above
Bear Put Spread
Do fibs actually work ? Fibonacci extension simplified.This is an analysis of Ethereum in which I’ve used trend based Fibonacci extension to find the potential pivot points. Look how many times Ethereum got rejected at the 0.382 fib followed by a break above and a flip of that fib resistance to support. It easily moves to the next target of 3800 $ and found resistance there at 0.5 fib. It’s very useful as a trader and as an investor. To learn how to use fibs and other day trading and long term trading techniques follow me. I specialise in entry and exit strategy.
Late night Technical analysis talk LNA on the demand of you guys only :) was a little busy today so less stocks
#87 BLOCKBUSTER ON THE WAY👌#87 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
Late night Technical analysis talk - Give me 12 mins if possible👑 Terms used if you don't know :
✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins
✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows
✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts
✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
👑 Important levels ( also most of it depends on your entry and mindset during trading hours )
✣ A 1hr close on 685-687 levels can trigger a breakout as explained in the terms section above
✣ Risk of 3% can be taken at the point = 660 points to be specific from entry
✣ Targets can be 1- 722 and 2- 750 for your 5% and 10% up move profit booking of the initiated swing trade
👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :)
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
How to get 10% in TATAMETALI - Patience is the key 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
Self-explained chart: All well explained in video with SL, TARGET and How you can wait for a better trade-in it
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
Super consolidation breakout - KANSAINER👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
Self explained chart
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃