BERGEPAINT trade ideas
BERGEPAINT is BullishChart has formed “Inverted Head & Shoulder Pattern” in day time frame. Initiate fresh buying only above 825. It can come to retest the neckline target for down side is 770. If it breaks 825 level and sustain at least 15 minutes. Target will be all four green line.
This is analysis for educational purpose, please trade at your own risk.
BERGER PAINTSLook at every minute detail marked in the chart.
If BERGEPAINT starts trading above 727.25 then we can have our targets as the green lines 733, 742 and 753. If it breaks the resistance of 770.15 then we can soon see a new lifetime high.
If we still see consolidation then the stock can be seen trading within the end of triangle.
A Bearish moves is very unlikely to happen here but even if it does then a strong support is there at 706 and 697.
Below 697 the stock can move further down.
You can always do back testings on Day/Week/5min charts as per your experience and track the Bank results to have a stronger view before taking any trade.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
Berger PaintsNSE:BERGEPAINT looks like it has Symmetrical Triangle formation. Who are looking for long can watch above 773.
Disclaimer : This chart is for education purpose only not a trade recommendation. I will not be responsible for your losses or profits.
Berger paints ready for upward trend ?Berger paints as on 17/5/21
CONDITION 1
1. Current Trend: Sideways
2. Trading near its resistance level.
3. Tested resistance level many times.
4. Resistance level: Around 770
5. support level: Around 700
6. RSI > 60
7. MACD: Fast length above the small length
8. Volume: Higher volumes past two days
Thought process: If the price in near future breaks resistance level with high volume, a buy trade could be generated.
Target: (5%) Around 808-810
(10%) Around 847-850
Stoploss: Around 735-740
CONDITION 2
If unable to break resistance level and move downwards in near future...
we will initiate a sell trade.
Target: Support level
stop-loss: Resistance level
BergepaintA potential breakout candidate
Keep in radar
Buy small qty at 815
Add more between 823-825
Bullish above 785Bullish above 785
Target 800, 880
SL: 720
Risk is yours and Reward is too yours totally
BERGERPAINTS in 1D time frameBERGERPAINTS in 1D time frame has given a good break out and is continuing the uptrend
BergerPaints - Symmetric Triangle BreakoutBerger Paints :
Above 800 Looks good for a New 52 week high 825
Support at 765
Berger PaintsBerger Paint - Cmp 752.75
Triangular breakout candidate with good volumes. Looks good for long position. Possible targets of 773/820 and support levels are marked on the chart.
Berger Paints tmmrw IBuy Target Price Of 800+ BUY BERGER PAINTS
TARGET PRICE OF 800+
BUY ON 18 MAY 2021
Berger Paint Cmp 768.05 dated 17.5.2021Berger Paint Cmp 768.05 dated 17.5.2021
1. Rectangle consolidation breakout above 778.
2. Triangle breakout already above 750.
Buy for a tgt of 820-870 SL 740
It is just a view, pls trade at your own risk.
TRIANGLE + DOUBLE BOTTOM POWER !I posted about berger paints few days back, those who followed must have booked some parts of their profits till now. But those who missed opportunity can now trade double bottom pattern which is also a bullish pattern.
My suggestion is buy only above 771 or 772. This is multi-pattern formation and both the patterns indicates bullish sign. How you all liked my analysis this is only for educational purpose , all feedback are welcome.
BERGERPAINT Analysis- Buy Uptrend ResumedBERGERPAINT
Buy -Above 775
SL- 750
Target- 800 825 850 875 900
Always use alerts for trading.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Also check the below related ideas for other stocks.
BERGERPAINT - SYMMETRICAL TRIANGLEA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
#bergerpaints #channelbreakout #flag berger paints bullish paraller channel breakout & flag pattern breakout on weekly candlesticks time frame
BERGERPAINT LONG VIEWBERGERPAINT now inside bullish triangle, the pattern indicates a breakout soon as of now and good buying opportunity above 765-767 level for good targets.
Buy above 767 TARGETS: 790/820/840 SL: 710
