BERGEPAINT trade ideas
Wave analysis ( Traders Class Room ) Hello I have made some efforts in Giving an Analysis on Berger Paints , I hope this will help you to resolve where to book the profits and also resolve your
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BERGER PAINTS - Buy in DipsCMP 647.75
STOPLOSS 622
Currently in consolidation phase between 653 - 635.
Target once the range is broken - 670/706/725/753
Not a SEBI registered advisor . This is for educational purpose .
LONG TERM POSITIONAL CALL CLEARLY UPTREND CHANNEL , IT BROKED RESISTANCE LINE OF 22 DAYS AND ALSO BROKED DOWNTREND CHANNEL LINE AT 647 AND SHOWED UPTREND MOVE, AFTER BREAKING NEW HIGH OF 670 FIRST TARGET SHOULD BE 700 STOP LOSS OF 640
Buy Berger PaintsBuy Berger Paints above 658 .Stoploss 645 Target 676 and 686
Study : Nice Cup & Handle Formation ..Breakout Level is 658 ..Nice consolidation is also going on before Breakout with lesser Volumes...that means its giving bullish signs..
All levels are on closing Basis
Stock Analysis of Berger PaintPrice -647.75 Dt. - 27-11-2020
The stock is moving in a range from May. In the last trading session, the stock took support at 21DEMA and the support line which is placed at ₹638.65. If the stock opens in green then it can go up to the price level of ₹669.85.
Price bounce back after touching the 21DEMA line and occasionally the price breaks the 21DEMA line and goes till 50DEMA.
Buy - ₹648.5 and SL - 638.65 Target - ₹669.85.
BERGERPAINT - About to go UPBERGERPAINT broke the channel pattern, but recovered and about to go for a breakout.
LONG RISK REWARDS are mentioned in the chart.
Target - 655.8, 670.15
SL - 639.35
Berger Paint - Hammer at 21 EMANote: This is for educational purpose only.
There seems to be a bullish hammer formation at 21 EMA which has acted as dynamic support in the past. Moreover, this hammer seems to have formed at previous resistance turned support. This increases the confluence.
Berger PaintBounced off from a huge supply area with break of structure.
Enter between 649 - 643
Maintain SL - 654
TP - 621.4
Berger Paints - Sell on WeeklyShows weakness on Daily charts which has been converted to weakness on Weekly charts...With Target of 620-600 levels
Berger Paints India Ltd. [Bullish View]Stock Berger Paints India Ltd. is now trading in demand zone, At this demand zone large chances, It will continue it's uptrend after deep consolidation. You can take long position as descripted in the chart.
Breakdown of Consolidation Zone in BERGEPAINTAfter consolidation in range in today's session, BERGEPAINT shows the breakdown of its support line. Possible downside minimum target according to chart pattern is 620.
Intraday (19-11-2020) - BEGEPAINTEnter the trade depending on the price action at the line marked as "resistance". If its a breakout go for buy, and if its a bounce back go for sell. Both side targets are marked
Intraday (19-11-2020) - BERGEPAINTEnter the trade depending on the price action at the line marked as "resistance". If its a breakout go for buy, and if its a bounce back go for sell. Both side targets are marked
BERGEPAINT - parallel channel & consolidiation near resistancePARALLEL CHANNEL FORMATION SPOTTED IN THE STOCK. consolidation also visible near resistance
