BUY LOW SELL HIGH Stock price can be seen respecting the trend line support and a good bounce from the support level.
810&775 can be considered as a support for the price momentum.
BERGEPAINT trade ideas
BERGEPAINTCMP: 840
The stock has been rejected multiple times from 850.
Same happened today.
Some consolidation or a down move is expected in this stock.
If it manages to hold the support levels 795 and 773, it can make new ATH and we may see higher levels.
Expectation: 891, 933
berger paints trading opportunity technical chart is showing some chances of major breakouts. hope you guys will enjoy this ...
#BERGERPAINT - Entry on Retest of 800 ; Target 862#BERGERPAINT -
Entry on Retest of 800
Target 860
Stoploss 775 ( weekly close)
Risk / Reward - 1 : 2.2
Retest highly likely considering Daily RSI at 45 and generally bottoms out at 30.
Since mid-May 2021, stock has not had a daily close below 785 with buying emerging at those levels, and expect the same to continue
BERGER - Could see further lows BERGEPAINT - breaching 825 levels. Will go down further and consolidate if markets go down further. accumulate
Berger Paints India Ltd - 09.09.2021Berger Paints India Ltd - 09.09.2021
The stock has been respecting it's resistance @ 842
There is a Hammer in Daily Chart
Prices are above ema
let the hammer high be taken off and prices sustain above 842
one can initiate a long position above 842 with support @ 824
watch out for the price action
Simple Trade Setup | BERGEPAINT | 06-09-2021NSE:BERGEPAINT
Observations:
1)On 1hr Time frame It gave breakout of rounding bottom pattern. Critical support level is 825. For the good upmove it has to give breakout of 840 level.
Please refer below chart : 1 hr time frame.
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For POSITIONAL long trade one can take long position from CMP as far as it is trading above 820 level. SL will be 811 and target will be 880/890.
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Trade Setup for Date 06-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
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Hope I made it easy to understand it.
Do comment your doubt or suggestion.
BERGEPAINT Falling Channel (Possibility of Reversal)1. NSE:BERGEPAINT is in a falling channel on Daily Time Frame
2. Double Top formation on 30 Min Timeframe with 811 as neckline
3. 820CE has the highest OI and change in OI
4. Currently stock is near supply zone
5. The rise in price yesterday was just a short covering as per order flow analysis
6. RSI Bearish Hidden Divergence on Daily Timeframe
Initiate a sell when a candle closes strongly below 811 on 30 Min Timeframe
A price action seen in Berger paintsHello friends,
As you see the price range of 832 - 836 was a good resistance for the stock. The level was tested multiple times in past and whenever the level was broken 832 - 836 acted as support. Even yesterday the stock tested the particular point but couldn't break it. So keep an eye on the stock as its counter part Asian paints performing well.
Levels we can look into
Above 838 can be a buy opportunity and target of 870
Stop Loss could be below 828
BERGERPAINT intraday trade idea for 2nd Sep#BERGEPAINT entry and exit levels on the chart (refer black/blue lines). Place SL@0.4% of the entry price. Zones (if present are in pink/orange) are the places where it's unsafe to enter, #INTRADAY
Good Time to go Long?Study Purpose
Resistance BO with Good Volume
Buy Range 840-846
SL 800
Target 920
QUICK AND DILIGENT ANALYSIS ON BERGER PAINTS !!!Notable points:
1.Stock is taking support at major weekly trendline support area, also same zone is a previous resistance which turned into support now.
2.The stock is at 50% fibo support and seeing some buying interest with formation long lower wick candle at the support.
3.The stock is almost bottomed out in RSI , thus can expect a bounce from this area.
4.The stock was in a decent uptrend and did a long consolidation therefore probability of bounce from major weekly trendline support is high.
Short Term View : Bullish
Timeframe used : Daily
Target : 830-870
Takeaway : Can enter at or near by the current trendline support.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Symmetrical Triangle Pattern Trading Strategy NSE:BERGEPAINT
When market break on upside or break the resistance line of this pattern, market was totally on bullish nature and we have to catch that bull run.
Short in Berger paintsThis scrip had recently broke the channel pattern and 100EMA too. As it is just a three month pattern there can be a moderate down move in this scrip.
Swing may short this scrip in futures and may have their SL above the prev candle high or above the channel pattern support.
Have your first target of 200EMA.
BurgerPaimts Idea #StockIdea #StockToBuy #StockWarchBurger Paint at Consolidation Zone
At support, tested many times.
Short below 800 levels....
But more chance to Move Up
As Good volumes coming....
Buy Above 832, with SL 800
for Targets of 842/52/62+++
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In Paint Sector, Burger paints a good script...
Giving good competition to Its Peers, Asian Paints & Nerolac Paints
#BergerPaints next Harmonic pattern#BergerPaints next Harmonic pattern
PRZ-806-799
SL-798
CMP:819 @21 August 2021
Berger paint - buyBuy from cmp to 813
easy target 842
Disclaimer : This is my personal analysis for study purpose not intended for trading
bergerpaint : clear view of how trendline works ( buy / sell )bergerpaint : 811.15
key highlights :
trading setup :
1. buy with stop loss as 780 on closing basis
2. targets : 837/858/875+
technical setup:
1. trend line
2. demand zone
3. price support
note : stock has been exactly trading in upper resistance trendline / lower supportive trendline . clear view showed in charts & trade setup explained in description
buy berger paintit has formed bullish shark harmonic pattern in 2hr chart. it may retrace till 0.38%-0.50% of point CD
[ INTRADAY ] BERGEPAINT SHORT BET
r: R ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Berger Paints Breakout + RetestA good Breakout is seen on berger paints in the month of July and it has come to re test its support of 817-820. If it takes the Support, a good Long can be taken.
Ps-Will be updating this idea after getting more information
