BERGEPAINT trade ideas
BERGERPAINT ON VERGE OF BREAKOUTTESTING THE TRENDLINE RESISTANCE. COULD BE A MAJOR BREAKOUT. KEEP IT IN THE WATCHLIST.
Possible BERGEPAINT Triangle Breakout - LONGLooks like BERGEPAINT is headed to a breakout.
NB- Pls do your own analysis before participating/investing in the markets.
ALERT!PATTERN FOUND IN BERGER PAINTSHey Hey Traders hope you guys are doing well,
Found this pattern while analysing the stocks.
So thought to share with you
Hope it will help you in your analuse,
In case if you want more support dont hesitate to contact me
-Rv The Trader
Berger paint at resistance! May fall with Nifty!!Berger paint is moving in an rising wedge!! At topmost resistance! Can wait for trendline break on downside and enter at a retest!!
Ascending Triangle Breakout - Berger PaintsAscending Triangle Breakout seen in Berger Paints with high volume.
Buy only if the high of the breakout candle is broken.
Target a 1:1 ratio.
Buy levels: 569-572
Stop Loss: 539
Target: 598
Long @ 565.10Break of trend line. Key level is 580 will add more once I see confluence around 580 region.
#fridaylash
Berger Paint- A Messy Chart!Berger Paints is trading at a very important level and is trying to break resistance line running since All Time High.
Strictly Based on technicals-
1. Recent Breakout happened at around 550 levels which is acting as a supply zone for the stock for the past few moths.
2. Moving Average of 20,50&200 on daily is right now support for the stock from 510-535 levels.
3. Recent low made by berger and the trend line following it is acting as a support also for the stock.(Green Trend line)
4. Currently 78.60 fib is acting as a resistance, but the stock is trading above that price, So might be a good price to enter at that fib level.
5. Breakout above 570 levels with good volume , we can see a move towards ath very soon and crossing that ath.
# bergerpaint ( intraday)all level mension on chart
this trade is purly intraday
so exit at target or 3.15 pm
Long if Breaks trend lineStock is in uptrend + respecting MA 200.
Gave the breakout after build up and taken support at previous resistance / breakout area. Currently seems to be consolidating, respecting trend line.
If breaks the trend line, might run for ALL Time High!
Current scenario seems to be favouring long opportunities !!
LONG BERGEPAINT AT CURRENT LEVEL TARGET 610-625 IN 8-12 SESSIONBERGEPAINT GIVES BREAKOUT AND IS TRADING STRONGLY, IT HAS SUCCESSFULLY CROSSED THE SUPPLY ZONE AND NOW TRADING ABOVE THAT.
PRICE ACTION SHOWS TARGETS ARE OPEN FOR 610-625 IN COMING DAYS.
Long: Triangle Breakout and RetestPositional Buy:
Entry 540-550
SL 535
Target 590-600
Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not responsible for any loss.
BERGER PAINTS TYPE 3 LONGEXCELLENT RALLY BASE RALLY SETUP. BUT , ITS A AGGRESSIVE TRADE FOR 2 REASONS. HENCE, FITS BETTER FOR TYPE 3 LONG TRADE. ITS FOR EDU PURPOSE ONLY.
Berger paints chart sructure looks goodberger paints
charts looking good
trading above both 21 & 50 EMA
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
