BERGEPAINT trade ideas
BERGPAINTon day chart..take support at trend line...trend line used for multiple support ...chance to move upside..levels mentioned on chart.
- only for educational purpose.
Bullish on Bergerpaint1) 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.
Berger Paint Buy on Dips. KRChoksey has come out with its second quarter (July-September’ 21) earnings estimates for the Consumer Goods sector. The brokerage house expects Berger Paints to report net profit at Rs 220.4 crore down 0.2% year-on-year (up 56.8% quarter-on-quarter).
Net Sales are expected to increase by 15 percent Y-o-Y (up 11.4 percent Q-o-Q) to Rs 2,003.9 crore, according to KRChoksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.3 percent Y-o-Y (up 46.6 percent Q-o-Q) to Rs 349.7 crore.
asian Paintsasian Paints - Oppurtunity to buy
Asian Paints is the only business in world to grow revenues by at least 20% for every year for the past 60 years. For the last 30 years, double in size every two years this is remarkable considering Asian Paints only has an R&D spend of 0.3% and its paints are not of the highest quality in the market see
Berger Paints - Long Term Analysis with Accumulation LevelsThe above chart is that of a daily time frame of Berger Paints Stock. The stock has a long term resistance at 840-850 levels and a long term support at 680-700 with a short term support/ resistance at 770-780 levels. Recently the stock has broken the short term support zone of 770-780 with a big bearish red candle showing huge resistance. This was trigerred by a poor performance of Asian paints which is the market leader.
Comments on Stock:
Berger Paints is a consistent compounder which has given stable multibagger gains for more than a decade. This is a quality paint stock which must find place in your portfolio. The long term story of this stock is still intact.
Accumulation Levels:
The stock is now consolidating within a large range of 680-840 for the past 10 months. Thus one should keep accumulating the stock between these levels with a long term view. Now at present, you can look to accumulate the stock at 680-700 levels.
Recommendation for Investors:
Investors with a significant investment in the stock can opt for a covered call strategy by selling calls anywhere between 850-800 CE and hedge their holdings.
Recommendation for Traders:
Traders can employ several methods to benefit. However I will be suggesting only one approach i.e. Deploy a Short Straddle Approach by selling calls of 840/850 CE and selling puts of 680-700 PE.
BERGERPAINTGood 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.
BERGERPAINT- LONGBergerpaint is looking good from the current position. Invest properly as market is in correction mode.
Disclaimer - Only For Educational Purpose.
Berger Paints Good breakout above 804 levels
Probably pull back near those levels shud be bought
Levels Marked....
Happy Trading
Berger Paints LongBP 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.
All time high Breakout Super bullish momentumATH breakout
Blasting volume
RSI Showing Strength
Support :- 760
Target :- 900+
Q4 Highlight:- rev up 50% YoY, EPS up 101% YoY
Educational Purpose
Berger paints is looking good for buyBerger paints is looking good for buy.
Breaking triangle pattern so looking for good buy.
Breakout 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%
BERGER In mood for breakoutNice consolidation setup for BERGER , add it to your watchlist and wait for breakout levels
BERGER PAINTSNote:
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 opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
POSITIONAL BUY BERGER PAINTSBUY BERGER PAINTS
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
Trendline Support and FIB retracement Taking trend line support and is at 23.6% retracement levels from its previous swing lows and highs. A bounce from this level will trigger an up move and any breakdown will weaken it further. Its a wait and watch for any trade to be initiated.
FNO Data shows short covering and if there is a follow through action on the same, then expect to go long here.
Berger trendline.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.
BERGER PAINTS IND.BERGER PAINTS IND. Bull Trend Started so i am Expected more bullish movement.(Buy =812) (Stop Loss =775) (Multiple Target= (843, 872, 900, 936.)
BERGEPAINT | Trendline breakout and retesting - Potential 10%BERGEPAINT | Trendline breakout and retesting - Potential 10%
CMP : 840
SL : 820
Target : 930
1:9+ risk reward setup
(Used Fibonocci for next target level)
