Berger paints buy Its forming an inverse head and shoulder patter with Buy above the resistance and stoploss of around 6 points with target of 12
BERGEPAINT trade ideas
BERGER has given a clear breakout from resistance levelsBerger is on clear breakout and traversing in uncharted territory . One can consider buy on this scrip with target of 663 . Once 663 level is crossed then next target would be 790 and trail the stop loss to 663.
Berger Paints is at support Berger paints is at support and it did not break the trend line and there was no selling pressure either as indicated by below average volumes. Good point to initiate longs.
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NSE:BERGEPAINT
Berger Paints Bullish BiasFresh Breakout above 600
Can be bought at retraced levels or around 600/602 at breakout region
if it retests then its positive sign for the stock
Stop Loss 570 levels
Target is Open (as per your appetite)
Stock Analysis of Berger PaintsPrice - 628.40 Dt. - 03-11-2020
On a daily chart, the stock is moving in a range. Price bounce back after touching the 21DEMA line and occasionally the price breaks the 21DEMA line and goes till 50DEMA. It looks like the price can come up to 21DEMA or if there will be selling pressure than the price takes the support of the 50DEMA or the below trendline. RSI is near the overbought zone.
Berger Paints - Bullish Engulfing Note: This is for educational purpose only.
There seems to be a bullish engulfing on 21 EMA. 21 EMA has been acting as a dynamic support in the past. Moreover, 21 EMA is above 55 EMA which acts as a short term uptrend. RSI above 65 indicates bullish momentum.
BERGER PAINTBERGER PAINT Buy around 630 for the Targets of 640 and 650 Stoploss- 618..
Or,
Buy on Falling around 625- 620 for the Targets of 640 and 650 Stoploss 618...
Comment your views.......
Thank you,
Vishwajeet Sharma..
Go long above 620 for target of 642+It's consolidating in the parallel channel since last 2 trading session and expected breakout of this zone soon. Once breakout can go long for a target of 642+.
Trade:
Buy BERGEPAINT Above 620
SL - 615
Target 630 642+
