sell BERGEPAINT sl-502.90. Trade is reversible in itself if SL hit means to reverse the trade without any doubt if SL hit.
BERGEPAINT trade ideas
Short BergerSell below 492.5
SL 508.25
T1 444.25
T2 405
For educational purpose only, discuss with your financial consultant before taking any positions.
BergePaintThere may be consolidation / correction as earlier was single side move
Above the consolidation, it would move further
Berger Paint (short trade for the coming week 25th Nov 19)Classical charting, multi time frame analysis, exponential moving averages
Sounds to be a clear sign of Short.Break down of Recent trend line.
Near to Recent support and resistance line.
Clear half formed H&S pattern.
Sounds to be a clear sign of Short.
Buy Berger Paints with a target of 526 and SL of 488Buy Berger Paints with a target of 526 and SL of 488
Next Possible Move - Terminal Ending diagonal One of the trading system / structure is ending diagonal , in which we have different character with them
This one visually appears as terminal ending diagonal , the important factor is its small in structure that means once this completes it will have a very shallow correction
before it makes another move up
one can look for completion of this pattern and wait for sell set up for short term sell in Futures and cover with trailing stop
Berger Paints : Beginning to peel off...!The meteoric rise that we have witnessed over the past two months in this counter by 80% has been nothing short of a spectacle. However, now it looks like the paint is beginning to loose its sheen and the formation of bearish harami with a trendline breakdown is hinting at a potential reversal to the downside. The momentum indicator RSI is clearly signaling serial divergences that could drag the prices lower. The sharp rise seen till date could now reverse and the profit booking could result in some sharp decline too. With the support emerging only around 463-468 one could look at initiating some shorting opportunity or atleast exit from long positions if any.
Idea Sourced From Neotrader
trade.chartadvise.com
BERGER PAINTS.. PE 102!!!.. time to fallBERGER PAINTS after a mammoth move, is finally showing weakness.
formed a bearish harami..
like Asian paints this is also showing clear negative divergence... quadruple divergence on daily charts
futures is at a discount to cash price, so trade accordingly for the shorts
short with the SL 520, targets 475 to start. might get a deeper correction to 450 440 down the line.
note: results on 5th novemeber. might get stopped out if it is announced during market hours. trade accordingly
BERGERPAINT SELL 499-500 SL 506 TG 470-440-400-370+Always respect the levels......Market is volatile....always buy near support and sell near resistance with Strict SL
Please join our telegram channel through below links for realtime updates:
t.me
Please join our youtube Channel for Detailed videos and Information:
www.youtube.com
BERGER PAINTS ...Bullish Stock on the Upward Journey...BERGER PAINTS Trend is Upwards. Using Flag and Pole Chart Pattern the Stock could Reach 550+
Berger Paints 1D Chart.Case-1
Buy @ CMP(Current Market Price)
Targets are 491.35,494.6,499.05,503,504.8++
StopLoss(SL)-484.2
Case-2
From @CMP it may fall till 469.55.
So
Targets are 489.2,486.25,478.25,475.45,472,470.65
SL- 491.35
Case-3 From @CMP it may fall till 469.55 and by taking support it may goes upwards till 505.75.
Case-4 From @CMP it may fall till 469.55 it it breaks support we can see further downfall.
#Bergerpaint is forming bearish divergence.Find your opportunity#Bergerpaint is forming bearish divergence. Find your opportunity
Berger Paints.. enough of your rallyBerger Paints,, after a scorching rally has formed a bearish engufling pattern on daily charts.. big red candle can be a tough nut to crack on upside..
expect a correction to 470450. sell on rebounds..
BERGEPAINT (Berger Paints India Ltd) BUY ABOVE 490BERGEPAINT (Berger Paints India Ltd) BUY ABOVE 490
