BERGEPAINT: BUY at 308 SL 304 Target 316BERGEPAINT is a RISK BUY. Try to trade only in CASH market. DO NOT TRADE FNO.
BUY ----- 308
SL ----- 304
Target ----- 316
Please consult your financial adviser before investing.
BERGEPAINT trade ideas
Double Bottom/RSI good RR ratioStock has formed the double bottom and trading above the neckline. One can buy the stock now for a double bottom pattern target of 324 which offers a reasonable Risk to Reward trade. RSI above 50 is also confirming the trade.
Entry 301
SL 295
Target 320 - 324
Risk/reward 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
BERGEPAINT #BUY ABOVE 295INTRADAY TRADE (TRADE FOR TOMORROW | NOVEMBER 2nd, 2018)
BERGEPAINT #BUY ABOVE 295
Bergerpaints - Long ideaTrade plan
Entry - 294 SL - 270 T1 - 306 T2 - 312 T3 - 324
Trade Category positional
Account Size - 200000 INR Max affordable risk per trade 2% = 4000 INR
Risk = 294-270= 24 points
Position size = 4000/24 = 166 (After commissions 160)
Investment = 160*294=47040
T1 Profit = 12*160 = 1920 (Risk:Reward = 2:1)
T2 Profit = 18*160 = 2880 (Risk:Reward = 1.4:1)
T3 Profit = 30*160 = 4800 (Risk:Reward = 0.8:1)
BERGERPAINTS Inside Bar tradebuy if it breaks PDH with stoploss at PDL
sell if it breaks PDL with a stoploss at PDH
BERGERPAINTS Inside Bar Tradesell if it breaks PDL with a stoploss at PDH
buy if it brokes PDH with a stoploss at PDL
Initiate a Long Trade on BergePaintsInitiate a Long trade on BergePaints, from 298.7, SL @ 295, Targets (1) 302, (2) 305, (3) 308, (4) 310, (5) 314, (6) 317.8
Berger Paints Looking Weak-Berger Paints breaking out of a rising wedge.
-Bearish cross on MACD.
-Bearish divergence on Stochastic.
Not an investment advice. Do your own due diligence.
BERGEPAINT long ideabuy at break of PDH 217.5 stop loss at 308.4
Will update on the stop loss when trade gets active
Initiate a Long Trade on BergePaintInitiate a Long trade on BergePaint, from 310.75, SL @ 307.95, Targets (1) 313.85, (2) 316.85, (3) 319.95, (4) 320.95, (5) 322, (6) 325
