BERGEPAINT trade ideas
BERGER PAINTS. painting red..BERGER PAINTS after posting good results seems to be topping out in the short term.
Daily charts shows selling has kicked in and is inside a wedge for now.
breaking of the wedge can result in a quick downside.
note: wait for it to break the rising wedge.
[HP] Short Berger PaintsI will not keep stop loss. You may follow 1:1 risk: reward. I will update if I hedge.
PS: It will be highly volatile because of the results of Asian Paints
it has a resistance around 551. if crossed, then 645 is t1.Keep on radar.
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Short Berger Target 520 SL - Closing above 534 tomorrowBerger is showing strength for 3 months. Now it is trading above resistance level of 527. As per Volume profile very less volume is traded at this level. Likely to fall to 527 tomorrow and can reach to 520 level in 2 trading sessions.
Exit the trade if closes above 534 tomorrow.
berger - respecting rangei longed at 520 and lost money, shorted at 500 and lost money
made me to work on charts and pushed me to this level
thanks berger for bringing me to this level
BERGER PAINTS.. party over..BERGER PAINTS has hit long term fibo resistance..
time for serious correction..
BERGER PAINTS INTRADAY BULL FLAGSIT SEEMS IT SUPPORTS BULL FLAGS REALLY GOOD 4 FLAGS ARE COMPLETED NOW 5TH IS GETTING READY MAKE SURE LOWER LINE NOT BROKEN ON CLOSING BASIS
NOTE: TRADE AT YOUR OWN RISK
