Berger PaintsBerger paints : Seems like it is forming a head and shoulder pattern .. more correction ahead ?
BERGEPAINT trade ideas
Bearish Pennant breakdown in BERGEPAINTBERGER PAINTS INDIA LTD
Key highlights: 💡⚡
✅On 2 HOUR Time Frame Stock Showing Breakdown of Bearish Pennant Pattern .
✅Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 438-.
✅Can Go short in this stock by placing a stop loss above 499+.
#BERGEPAINT#BERGEPAINT
Consider buying Berger Paints stock in two phases:
1st Phase: Between the price range of 479 to 464.
2nd Phase: Between the price range of 450 to 437.
Targets for buying:
Short-term: Aim for 502, 525, and beyond 545.
Positional: Target 502, 545, 561, and potentially 620 or higher.
Make sure to monitor the market conditions and company performance closely before making any investment decisions
Investing in any stock requires careful consideration of various factors, including the company's financial health, industry trends, competitive position, and overall market conditions. While I can't provide real-time financial advice, I can outline some general considerations for evaluating whether to buy Berger Paints stock in 2024-25:
Financial Performance: Look at Berger Paints' recent financial reports to assess its revenue growth, profit margins, and cash flow. Strong financial performance is often a positive indicator of a company's stability and growth potential.
Industry Outlook: Evaluate the outlook for the paint industry. Factors such as housing market trends, construction activity, and consumer spending on home improvement projects can impact demand for paint products.
Competitive Position: Assess Berger Paints' competitive position within the industry. Consider factors such as brand reputation, market share, and product differentiation compared to competitors.
Innovation and Expansion : Research any recent innovations or expansion plans from Berger Paints. Companies that invest in research and development and pursue growth opportunities may be better positioned for long-term success.
Macroeconomic Factors: Consider broader economic factors such as interest rates, inflation, and geopolitical events that could affect the stock market and Berger Paints specifically.
Valuation: Evaluate whether Berger Paints stock is trading at a reasonable valuation based on factors such as price-to-earnings ratio, price-to-sales ratio, and other valuation metrics compared to its historical averages and peers in the industry.
Risk Factors: Be aware of any potential risks associated with investing in Berger Paints stock, such as regulatory changes, supply chain disruptions, or competitive threats.
Remember to conduct thorough research and consider seeking advice from financial professionals before making any investment decisions. Additionally, consider your own investment goals, risk tolerance, and time horizon when evaluating whether to buy Berger Paints stock or any other investment .
Berger Paints positional / swing trade opportunity 660+Berger Paints is at bottom of pitchfork. Target is median of pitchfork . 660 + levels are possible in next 3-6 months.
Disclaimer- I am not SEBI registered. For educational purposes only
BERGENPAINT looking good for swingon a daily time frame BERGERPAINT is looking good forming base for next rally, long term and swing trader can enter from here
BERGER PAINTS IND SHORTBERGER PAINT IND. SHORT
Currently price is 531.20
i believe this stock may correct by (2.5-16.50%)
all the levels are given in chart it was clear in that. as you can see the price is stuck in side ways from Jan 24 - mid Apr 24 (range is 243-276) now this has broken the support of 243 and will lead in falling more than 2.5 %
this analysis is for educational purpose only.
Berger Paint A good buyBerger paint is at a attractive price if brought can give a return of around 40% in less than a year
BERGEPAINT 1:6.5 RR trade set up1. Trend Bullish
2. Set up reversal after consolidation
3. RR: 1:6+
4. Probable false breakdown and reversal
Consider BERGEPAINT for purchase within the specified range.BERGEPAINT appears to be within the buying range, and if the price decreases, I will consider acquiring more. I have set a 1:2 risk to reward ratio for the initial profit level, and I intend to hold onto the investment as long as the price continues to rise. It will be interesting to observe the price movement.
I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before taking any decisions.
Risky Short at 561.05Risky short only if you have multiple longs, use this as a hedge
Stock is underperforming on both weekly and daily charts
Price facing rejection from ST 10.2
Trade for 1 R
SL is must
Only Half qty compared to longs
Berger PaintAllocation 1%
Sector : Chemical
Industry : Paint
Most probably monthly low will sweep and upmove will start
Long on Berger Paints (i) LimitedBUY BERGEPAINT
Entry 587
Target - 627 to 656
Stoploss - 561
Stock has closed on higher side compare to last 2 weeks trading day. Also stock has traded with higher volume. Thus stock recommended to buy on level mentioned above
#Bergerpaint cash : Looks good above 621 and dips 580#Bergerpaint cash -Positional call
29 fEB 2024
Looks good above 621 and dips 580-600
SL 550
Target 720/770
Cmp 606.70
Berger Paints Ind ( EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Berger Paints Ind
Target: RS 638
CMP: RS 606.70
ENTRY RANGE: 600-613
STOP LOSS: RS 560
Disclaimer: I am not Sebi Registered.
BERGER PAINTS - Bullish Swing ReversalNSE: BERGEPAINT is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 15% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Berger Paints Futures Trade Setup Berger Paints📈📚
#TrendX #Masterclass #Assignment
Berger Paints has surpassed the upper trendline resistance of a triangle.
RSI is moving in sync with the price and has given a trendline breakout.
Key MAs have formed a bullish Crossover on daily chart.
The price is now sustaining above its 20 EMA.
All these observations are seen in the daily time frame.
A long trade can be taken in futures (prices here given are as per spot) above 576 (preferred with an equal lot hedge of 575 Put option, premium approximate 19 - 18/-(buy as a hedge) along with long trade.
The price can rise up to 590 and above that, it can rally up to 603 - 615.
The stop-loss will be below 564 on a daily close basis.
Holding duration 2 - 3 days. The trade should be ignored if prices open with a gap up or down before initiating the trade.
#FuturesAndOptions #Masterclass
Berger Paint : Scalping Quick Scalping for a 15 points long target.
Price is at support level, attempting breakout of down trendline break in shorter TF.
Note: This is just for analysis purpose, please do your own research before punching any orders.
🔍 For more technical analysis and trade setups, make sure to follow me on TradingView
Berger Paints (i) Limited
Berger Paints (i) Limited
Berger Paints Ltd is an Indian multinational paint company, based in Kolkata. This company has 16 manufacturing units in India, 2 in Nepal, 1 each in Poland and Russia. It has manufacturing units at Howrah and Rishra, Arinso, Taloja, Naltoli, Goa, Devla, Hindupur, Jejuri, Jammu, Puducherry and Udyognagar.
BERGEPAINT BEARISH HARMONIC PATTERN IN DAILYCMP 582.70 SELLING ZONE 595-90 SL 602 TGTs 563/41/33 (Positional View)
consolidation breakoutentry above the line
stop below the line
consolidation breakout on daily time frame
Berger- 8 ka funda <300Berger- 8 ka funda <300
1) Nice COnsolidation
2) Lets see if it could give more than 5 % within 5 days.
BERGER PAINTS LOOKS WEAK | SELL @ 590 - 586Bergepaint is trading near resistance zone and we saw a sell-off in past from these levels.
Short trade can be taken in Bergepaint and refer to green lines marked on the chart for targets, trade will be valid until top red line is intact on the upper side.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
This stock is a sell on rally The stock could not rally beyond 38.2% is a sign of weakness. It has been consolidating between 590 and 570 for days now. Below 570 we should see 540 and 502
