Bergepaint Long!!!!BO above Supply Zone 580-602
if Closing Abpve 602 then good upmove may seen
Demand Zone 550-520
HH,HL formationn on daily chart
Fibo 0.618 level is 520
BERGEPAINT trade ideas
[Intraday] Berger Paints Channel Bet Please mark my note of "Intraday". The OI data shows huge unwinding. I am expecting a fierce movement on downside that will give 5-10 points intraday. Anyways, unless it gaps down, short on PDL breaks. If gaps up, Follow 15m ORB.
Berger Paints Stock at its all time high and can go all the way to 670, 685 in short term. Trend bullish, indicators are all bullish across every time frame.
On verge to break into Blue Sky Zone: Mega Breakout in Berger PBerger Paint is breaking its all time high stock price. Its on verge to break into Blue Sky Zone and good moment can be seen in the script in the upward direction in coming couple of months. Due to the festive season good fundamental support for the paint industry and Berger paints in very near future. In the last one year stock has given approx. 40 % return taking August month as reference. Mega-Breakout
BERGER PAINT BREAKOUT WITH GOOD VOLUMEBERGER PAINT gave breakout in PDS with good volume.
- Buy can be initiaited if high breaks(610) Target 635
- Best buy if retraces to breakout level (600)
- SL to maintained below 600 like 595, 590 according to your risk appetite
On contrary side
Shorts can be initiated only when 585 breaks (on swing basis)
BERGER PAINTNSE:BERGEPAINT | (Positional Trade)
Entry:- 600+ (Candle Close)
Stop Loss :- 560 or (According To You)
Target:- I Don't Know Because It is Breaking Above All Time High's.
(Risk Must Be Managed.)
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--Any Suggestions--
BERGER PAINT Berger paint has been in a continuous uptrend for some time
1- It has been respecting the trend line, taking support on trendline o 3 hours time Frame
2- If break the recent resistance which is around 590 -600 level, if it breaks then it will be direct to 622 as per my study
3- below the level of 580 avoid the stock
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BERGER PAINT MAY SHOW SOME CORRECTION BEFORE GOING UPWARDBerger paint made a bearish engulphing at its resistance, below PDL (574)sell can be initiated for the first target of 568 (trendline support). If this trendline breaks 550 can be seen in coming session. SLto be maintain at 583, keep trailing your SL if trade goes in your direction.
Expecting a break - Up to ATH !!Price forming a pattern and it is about to break this time till All Time High or more than that. The more part, we will decide it later. Look for the pattern break and enter the trade. But the best time to enter this kind of trades are when the price is at the support it would be a wonderful time to enter the trade.
Berger Paints Target ATH Bullish BiasBullish Bias
Adhering the Trendline
Can be bought at CMP levels
Stop Loss near 548/549
Target of 597/598
If broken then 650 easily
[Positional] Berger Paints Channel Bet As per charts. Anyways it is hyper bullish stock so it is basic bet of retracement. You can alternatively do a call spread
Berger paints Reverse H&S patternBerger paints has formed Reverse head and shoulder pattern on Hourly chart. above 590 it will give huge breakout with upside target of 30-40 points.
