BERGEPAINT trade ideas
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
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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
BERGER PAINTS SWING TRADING IDEAbreak up of bullish flag pattern on Friday with heavy volume.
buy price- CMP
target-825
stoploss-720
risk reward ratio- more than 1:2
#swingtradeidea
#powerofchartpattern
#bullishflagpattern
#shorttermtrade
Note: its not any recommendation or tip, do your own analysis.
#HAPPYTRADING
Watchlist !!!The stock has been trading in a zone for ~3 months.
Tested 772 level multiple times. Can be kept on the watchlist.
Closing with a bullish candle above 772 with good volume can give a possible target of 813.
Note: Educational purpose
Big Potential Move In Berger Paints. The silent stock from paint industry i.e. Berger paints is almost ready to boost like a rocket. It has formed an triangle chart on daily time frame and just check the volume on 14-05-2021. A potential big move can be seen and target is clearly marked on the chart with purple rectangle for further reference.
#BERGEPAINT has a Breakout then Retest#BERGEPAINT has a Breakout then Retest but also wait for Penant Breakout then it will mov like anything
BERGERPAINT - Buy For long term investmentBergerpaint is the second best paint company to invest after asian paints. It has a strong fundamentals and poised for more growth in future.
Trade accordinglyDue to increase in covid cases both possibilities are there.that to be said trade accordingly
Berger Paints - Symmetrical triangleBerger Paints is making a symmetrical triangle pattern and chances of making an upside move is more likely as the market is totally bullish. Buy above 722 with the target of upper trendline.
BERGER PAINTS WEEKLY PICK Berger paints : CMP 716 ...
BUY TILL 697 STOPLOSS 682
TARGETS 720/731/742/756++
WEEKLY PICK
BERGERPAINTS 1D TF Looks Bullish, PRZ holding up as an excellent support.
Watch the price action closely. Targets- 730+
Swing Trade in Berger PaintsGo Long above 709.3 for the target of 727.45 and above with SL of 691.1
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci Retracement tool from recent swing low (Point A) to recent swing high (Point B) then we see that stock is taking support of 0.618 Fibonacci Level.
2. Also a bullish hammer (circled with orange color) is formed at 0.618 Fibonacci Level.
3. In addition to this there is a Support / Resistance zone around 0.618 Fibonacci Level also called a Demand zone marked with a green rectangle .
BERGEPAINT - BuyBERGEPAINT has bounced from the demand zone and forming HH and HL. Buy with a SL below 708 and tgt 775/794/820+
