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!!
BERGEPAINT trade ideas
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 !
Simplest Trade. go long on berger paint bindasss!Berger paint broke the triangle on friday and corrected itself today. now can easily go long with stop loss. trade wisely on your risk.
Disclaimer: For educational purpose.
Follow me for more ideas.
also on Insta: @tigertrader25
Berger Paints - Look out for another breakoutBerger Paints had power move last day but ended at a consolidation between 554-558
you can expect a retrace back to the line. Also look into my analysis on asian paints and follow both stocks to know the clear trend paint industry is going to.
Beware : Please keep in mind and stay away from False Movements
Also this is not any recommendation, This is only for educational purpose.
Trade at your own risk.
BERGER PAINT - BUYentry level - 565-563
expected target - 592-597
stop - 537
tf- daily
disclaimer - for only study purpose
Berger paint stock to test the retest or retracementWe have seen the chart of berger paint has clearly given the good Bo above the 550 level & closing of the stock is also above the same. Now at this point every one saying stock is bullish & must buying candidate for upcoming session. but as per technical analysis & considering various indicators tools we will not chase the stock to buy this higher price. Also buying at this level increase our risk as compare to reward. if you watch the 15 minutes time frame a lot of indecisive candles has been seen. Hence expecting the stock to take retest between the area of 535-540. Buying level of the stock between 535-540 for the next target level of 575 with the SL of 525. lets see how market & stock behave in next session. please add the stock in your watch list to see the price action movement of the stock. kindly consider always high probability trades.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
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