Long opportunity in Berger PaintsAfter bearish rally, we can see Bullish Engulfing pattern and a Trend line break in Berger Paints. After 560, we may see a good rally in Berger Paint.
BERGEPAINT trade ideas
Breakout stocks for 17-01-2023 for Swing tradingmarket looks to be super volatile and recommended 2 stocks for tomorrow
Berger paints on a crucial support.Price is forming a falling wedge pattern and is on a support level. After the fall of 2020 price crossed 560 and then never closed below it on a month on month basis. Although it went below it 2 times it bounced and closed above 560. Also if we plot volume profile from Jan 2022 to Jan 2023, POC comes at 580. Hence it is an important time to study the stock and the business.
Berger Paints India LtdCheck shareholding pattern and invest for long term ( SCREENER.IN) But need lots of patience.............
BERGER PAINTS GOING UP NSE:BERGEPAINT
As per the price action, its created a W- Double bottom and it will go up before hitting the top slanting trendline
Berger Paints - at Fair Valuation? Berger Paints is 2nd biggest player in Indian Paints Industry after Asian Paints, with great penetration in Industrial paints segment.
The industry has been facing pressure from rising competition with entry of other players like Grasim.
As a result of missing latest quarter estimates, the share has corrected from ATH of 872 to 580 levels ~ 35% down.
I believe that Berger paints has a very strong moat, which cannot be easily replaced by a new entrant, although it might cause short term headwinds in growth.
Since 2009, it is the first time that the share has touched 200 EMA levels in weekly chart.
A breakout from the short term downward trendline can lead to slow up-move towards 800 levels again.
550 is a key support, the share is already at S3 Fibonacci level. It will be interesting to see if this correction deepens like in the case of Divis labs, or bounces back.
BERGER PAINTSBERGER PAINTS FORMED a symmetrical triangle pattern in weekly time frame and ready for breakout from supply zone. take entry after berger paints closes above the price of 615 in weekly time frame. we are waiting for 18-20% return.
bergerpaint 6% MOVE POSSIBLEbergerpaint 6% MOVE POSSIBLE
TREND SUGGEST MOVEMENT 15 days time movement can be seen touching channel top
BERGER INTRADAY 13TH DECEMBERBerger paints looks good for tomorrow's session as a intraday trade with good risk to reward ratio as we can see it gives a resistance breakout and closed above on that in 15 minute chart timeframe so we can consider this as Intraday trade with buying range of 621 to 623 for the target of 630 stop loss should be placed at 618 after when buy will be initiate.
Note- Always ask from your financial advisor first before taking a trade or investment.
Happy Trading with Trading View ✌🏽
Berger paint for Swing TradingBerger Paint Best for Swing Trade Opportunity
Buy = 604
SL = 590
Target = 625, 630, 635
Time = 8-10 Days
Gain Expected 4.5%
Positional Buy on BERGER PAINTSTaking Support on 200MA Weekly time frame.
On daily time frame Berger Paint has good support area between 540- 570 (Stock has good volume in this support zone)
Results is in line with market expectations and management commentary shows profit margin can increase in upcoming quarters by 250 basis point.
Buy for target of 660/700.
Holding Period 2 to 3 months
Keep Strict SL of 535
Buy Berger Paints For Short Term Hello Everyone I am Mr.sardar, Here is my Analysis about Berger Paints Share . To Get 7% Return With in Two months Now You can buy it. 🚫 This analysis only for Educational purpose 🚫
💶Buy Berger Paints Share at the price of 614
🎯Target of 657
🚫 Do Not Use Stoploss
🙏 If It is Helpfull For You Please Do a Comment " Helpfull"
BERGER PAINT - Harmonics Patternlong @ 579-584
Target 1: 608
Target 2: 623
Stoploss @ 563 - only if it closes (daily candle) below this SL.
berger paint perfect breakout nowcup handle pattern
Conclusion. The cup and handle pattern was made popular by William O'Neil, which now has expanded into all sorts of trading scenarios. Traders have come to know the cup and handle as a bullish continuation pattern that is a highly accurate predictor of sizable breakouts.
EMA 200 - Key Support breakdown?Berger Paints is a leading Paints segment company in India.
After tepid results from Asian Paints as well, the share has seen a fall in prices.
It is at 37% discount from High, levels which have been key fibnacci support for it in the past as well.
It remains to see if the share can recover from here, or more fall is due.
Not an Investment advice, only for research purpose.
BERGEPAINT SHORT TRADE (INTRADAY OCT 17BERGEPAINT has formed head and shoulder in 15 min now it could go lower. Thank you!
BERGEPAINT #BERGEPAINT (2Hr):- Cmp 631 looking good for 650/670++ Only Above 635/640 :)
#Disclaimer:-View shared is for educational purposes only.
BREAKOUT RETESTHello mates many regards to all of you,
I want to share a simple breakout retest example by the daily chart of Berger paints which is looking it is almost completed it recent breakout retest levels because what we can see is earlier there was a resistance which for I made a trendline for identifying previous resistance which was broken by the stock and had given a nice breakout now we can see after profit bookings and or cool down process the stock comes to same place from where it had given breakout now acting as good support zones and trying to bounce from there so that we can say it is a perfect example of breakout retesting process it is not compulsory that each and every time we can see that every breakout or breakout retesting is done with 100% surety for taking a successful trade but to understand something an example is needed and according to me this is a good example of BREAKOUT RETEST, suggestions, improvements and rectification by senior mates and from anyone are most welcome..
Berger Paints: Potential Short candidateDescending Triangle bottle level is challenged.
If it trades below the 630 level then it's a potential short candidate.
Volume needs to accompany.
SL: 675
Good structure formationBuy can be initiated above 675 for targets of 685/690,
Stock has reached its resistance fourth time, making it weak, and also it is making higher lows
Berger Paints Long Setup Stock was in down trend after hitting ATH few months back. Before Breakout the downward trend line, stock consolidated in a tight range for few weeks clearly indicating that stock has made its bottom. Stock has given BO of trend line and Retested it today, although market was very bearish. Also stock is trading above 50DEMA and it is aslo sloping upward. A good long Setup with good risk to reward.
Disclaimer: I am not SEBI registered
Berger Paints India Ltd (BRGR)breakout Berger Paints India Ltd (BRGR) break out level
Buy above 668 . Go long target price 678, 687,702
Get ready for the rally Berger paints. Time to accumulate Berger paints. Thank you.
BERGEPAINT LONGBERGER PAINTS IND STOCK has broke its trendline and resistance if candle sustains above it you can go long only after doing your own analysis.
ONLY FOR EDUCATIONAL PURPOSE..!
