Berger Paint - Flag BreakoutPole and flag breakout in Berger paints. Looks good for swing/short term trade
BERGEPAINT trade ideas
BUY BERGER PAINTAscending triangle Formation
BUY BERGER PAINT
Entry above 832
For the Target of 845-862
Stop Loss: Close below 20 DSMA
BERGER PAINTS LTD- BEARISH SIDEWAYS BREAKOUTBERGER PAINTS HAS BREAKEN OUT THE SIDEWAYS SUPPORT AREA.
SELL TARGET- 780 BELOW
TIMEFRAME- POSITIONAL
BERGERPAINT 1D TF SWING TRADING SETUPWhy take this trade?
A triple bottom breakout on the daily charts after retest + today's candle taking support on the rising trendline (higher lows connected) + good volumes
When to initiate entry?
The candle needs to close above 814.10 at the end of the day
Exit?
SL is 5% below the breakout level
Target - width of the pattern projected from the breakout
R: R?
2.6
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
