#BERGEPAINT - Ascending TriangleBERGEPAINT has formed weekly ascending triangle pattern. Breakout level 275-276 zone on closing basis.
BERGEPAINT trade ideas
Berger PaintsThe stock seems to be breking out of a year long Cup and Handle. Can it add further strength going ahead? Let's see!
BERGER PAINT -CUP AND HANDLE BREAKOUT LIKELYa daily close above 276 will confirm the breakout of pattern , one can accumulate stock for the breakout.
Berger nearing resistance levels of 270. Berger nearing resistance levels of 270. Can short if reverses.
BERGER PAINT may add some green colour in our account After a consolidation between 230-260 level price is breaking out of it. I am expecting more 18% to 20% appreciation in stock price in short term. Stock is also moving towards its life time high mark. Next key level to watch is @276.
This is for educational purpose only take action as per your risk understanding.
BERGER PAINT may add some green colour in our account..... After a consolidation between 230-260 range finally stock is trying to come out of it. Stock is moving towards its life time high @276. As stock is breaking out of consolidation I am expecting more 18% to 20% appreciation in price in short term.
This is for educational purpose only take action as per your risk understanding.
Descending Channel on Berger - will it break or make ?Descending Channel on Berger - will it break or make ?
Trade:
Long Entry - 257.80
Target - 267.50
Stop loss - 249.50
Bergerpaint(254)-near crucial resistance area of 260 stock facing so any resistance in zone of 266-267 and 272-273 close above 273 it can move up to 282 and 292
short term trader wait for 293 if cross and close above 273 support at 242
BERGEPAINT cup & handle breakoutBERGEPAINT stock price has given a cup and handle breakout near 250. watch near 242/250 for target 310 stop loss below 230.
Possible Trade set up on Brake out I am looking this stock is about to brake small time range , and if they brake it they will probably tag to 267 and then start heading towards Ascending Long term Trend Line
Lets see how it unfolds
Regards
Berger Paints close below 233 would be a confirmation for selling pressure, one can sell below 235 with sl 238 or else breakout abv 250 with sl 244 cld be a good pick !
Happy Trading !!
Burger Pain Wait and watchIts interesting Price action in Burger Paint , the stock is still strong , and also you can see the formation of base for Next rally is being done
One has to look for Small correction before the Next rally take place
Regards
berger paint a good move to be startedfor educational purpose
berger paint is at the verge of breakout. if it closes one more day above 228 with good volume then an upmove will start which will lead it's price to 260-265. but whole market is waiting for a correction then wait for sl 223. If it goes below 220 then a swift downtrend will start upto 185-182.
Berger Paints: On the Verge of 200-DMA CrossoverThis is an interesting chart that I am tracking. Price has bounced off the lower parallel of the blue fork. Price is also on the verge of breaking out above the 200-DMA. A crossover above the 200-DMA will make me interested in this stock.
Berger Paints Daily ChartThe informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for personal, non-commercial, educational use and display.
BERGER PAINTS - For Long-term InvestmentNSE:BERGEPAINT
From around 10 in 2008,
the stock has shown a very steady trendline to around 260 in 2016;
returning 2500% in 8 years.
Now we see, that the stock is falling below such a significant trendline.
Long-term investors can look to enter the stock at ;
1. when the monthly closing is above the trendline.
2. if at all, it reaches the blue line, it would be very attractive to buy.
short the stock as we can see that there is bearish engulfing pattern and the stock price below 8 ema and the bearish divergence add to it and stochastic in overbought condition
