buy berger paintit has formed bullish shark harmonic pattern in 2hr chart. it may retrace till 0.38%-0.50% of point CD
BERGEPAINT trade ideas
[ 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
Double Rounding bottom in Berger Paints - Daily chartBerger makes a beautiful breakout after the double rounding bottom. This setup makes a good buy between the current levels and around 800.
BERGER PAINTS: Bullish Triangular waveBuy on dips near the level of 770 , keep sl of 740 and look for the target of 840/870's .
Long Berger PaintDouble rounding bottom breakout in Berger paints
Ideal entry is near 835, Target 865. SL 820
BERGEPAINT - Keep a watchpossibilities of up move but can expect some consolidation before that as well.. Keep an eye.
Disclaimer : Views are my own and not recommendations
BERGER PAINTS .... BUY... TARGETS 880 & 910. FLAG ON A POLE
TRIANGLE BREAKOUT
LOOKS GOOD FOR A LONG RUN
BERGER PAINTS - CMP: 864The stock has given a Wedge pattern breakout on the daily chart. Also, it has given Flag Pattern breakout. All oscillators are in bullish bios. We can expect price movement up to 920 in near terms and also up to 1000 in the mid-term.
Berger Paints - VolumeBerger Paints after a bull run formed an ascending triangle pattern.
Gave a breakout, a pull back and has formed a bullish candle on 20th July when the entire market was in a bear grip
With 3.5 times of their average weekly volume.
Small upside opportunity
CMP 864
Target 890
Stop Loss 851
Note: This is for educational purpose. Invest at your own risk after your own analysis.
