BERGEPAINT trade ideas
Burger Paint - Possible up moveFirst break up attempt on 8th may with week volume. Second breakup attempt on 26th May with over 3 Million volume. Third breakout attempt on 15th june with over i million volume. Performing better than Nifty RSI. MACD moving towards crossover.
Watch out for Positive breakout in the coming week.
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BERGERPAINTS 1D TF Uptrend intact along with consolidation in form of pennant.
Setup looks bullish for targets above 840.
BUY BERGER PAINTSBUY BERGEPAINT IN CASH/FUT CMP 807 SL 784 TGT 970 (2-3 MONTHS)
(BREAKOUT ABOVE 823 GOOD CONSOLIDATION HAPPENING)
Cup formed, will it be a handle ??Cup formed.. will it be handle next?
For educational only!! Wait and enter
Beautiful ROUNDING BOTTOMThere is a beautiful ROUNDING BOTTOM formation on BERGER PAINTS on daily chart. Waiting for the breakout.
Beautiful short trading position can be noticedSo, get ready for booking profits as this short trade is superbly set and is supported by RBI's bubble in equity market news
A MUST WATCH..BERGERPAINTTHE RESULT PUBLISHED ON 26 MAY 2021 AND SEE THE PRICE MOVED ON 27 MAY 2021
Berger Paints India Ltd reported a 101% YoY increase in consolidated net profit to Rs 208.60 crore for the quarter ended March (Q4).
RSI BEARISH DIVERGENCE GIVES THE SHORT OPPORTUNITY
Entry For Those Who Missed The RALLY !Traders, I posted about the sleeping giant before at around 752 and stock has given 12% return after that. Now stock is giving one more chance for those who missed the rally, after the breakout from double bottom pattern it is now retesting. This can be good risk:reward trade considering big targets and so small Stop Loss.
Buy burger paint with SL 727 for target of 810/848Buy burger paint with SL 727 for target of 810/848
My observations:
1. Bottom cup and saucer pattern
2.Double bottom formation on RSI
3.Increase in OI with increase in price
BERGER PAINTS - Inverted Head and ShoulderNice breakout from an inverted head and shoulder pattern formed for over 4 motnhs
uncharted back agaINi fail to understand how come this is just rising and rising..
nonethe less, good for short tern longs ..
lets see
cmp 832
BERGER PAINT - Wednesday Trade | 26th MayStock has been moving up in last few sessions with good volumes.
Now it has hit its ATH resistance zone.
Good if sustains above 827 for few minutes.
SWING - Let the daily candle close above resistance zone for targets of 840-850
POTENTIAL BREAKOUT - BERGER PAINTSBerger Paints Quarter results will be out tomorrow. Like Asian Paints, I am expecting good results. If it goes right, we might see the share going upside of 900, otherwise it might settle for 730 range. RSI is overbought now, so I am expecting a little dip before the rally.
