Berger Paint formed Pennant Pattern and now facing resistance at 200 Day EMA line (Blue in chart) and volumes are dried up.. Its Technical indicators also shows some weakness, 1) RSI crossing down its 100SMA, 2) Stochastic RSI shows bearish cross down
Take help from the the chart breakout can happen in it and target will be blue line if it breaks out enter in the trade and SL will be below that trend line.
www.tradingview.com risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should...
As you can see in the chart, stock is consolidating in the range. . So tomorrow if stock goes above 751, we can buy this trade for the target of 766. . Note: Be cautious, we can see the volatility on tomorrow.
Hi Everyone, Berger paint seems to be creating an ascending triangle which indicates a possibility to become bullish on this stock. Buy at 753-755 makes sense for a swing opportunity and an easy grab would be levels of 765-767 easily. Considering further it can unfold more highs.
it's form in triangle pattern it will be break a treand line then will go LONG
Berger Paints showing a good setup for a long trade with Risk Reward Ratio of 2 1. Double Bottom 2. Descending Triangle 3. RSI Divergence Target and SL marked on charts
Berger Paint - Double Bottom Pattern. Retracement of Fibonacci 50% level is 768. One Should buy @770.
Berger paints formed a double bottom an took a reversal we can go long after the range breakout marked in chart. comment down below your views and if you enter the trade just inform.
Buy Berger Paint for the target of 804.....It just my view only....
Berger Paints is forming double bottom formation on charts which is a bullish pattern and entry can be taken at current market price for the immediate target of the T-1, after the T-1 level is broken fresh entry can be taken keeping target as all-time high levels.
NSE:BERGEPAINT looking bullish for short term. it will try to go up.
After a pull back from 0.786 fib retrancement target achieved at the extension. Now again testing 0.618 fibo levels, above this expecting a good upmove. Entry above 790 SL near 770 and target near 900 levels.
BERGER PAINTS ( Only for educational purpose) >1Hr time frame >Only if any reversal seen in market(bullish) >Market structure trade >Formed flag and pole >Used fibonacci tool
Downtreand Continue. Go for a short. #bearrun #simplechart #fiiselling for more paid idea M. 93774 28204
Add to your watchlist i have been watching this stock for a long time and the stock has strong fundamentals.
Planning to go long here Note: This is not recommendation. Kindly consult with your financial advisor before taking any decision.
Berger Paints continues its uptrend and taking support on trendline. Keep an eye on this stock as its earning declaration is scheduled on 10th Nov.