Very high probability that we have seen the reversal in the stock from the same area. buying range between 725-740 for the next target level of 825-850 with SL of 685-690. This is for your educational purpose only.
on day chart..take support at trend line...trend line used for multiple support ...chance to move upside..levels mentioned on chart.
- only for educational purpose.
1) Taking strong support at 10 sma (15min).
2) 25th oct close = 26th open.
3) 10sma crossing 50sma (15min)
4) view buy above 740.5 for tgt of 760....780.
KRChoksey has come out with its second quarter (July-September’ 21) earnings estimates for the Consumer Goods sector. The brokerage house expects Berger Paints to report net profit at Rs 220.4 crore down 0.2% year-on-year (up 56.8% quarter-on-quarter).
Net Sales are expected to increase by 15 percent Y-o-Y (up 11.4 percent Q-o-Q) to Rs 2,003.9 crore, according to...
asian Paints - Oppurtunity to buy
Asian Paints is the only business in world to grow revenues by at least 20% for every year for the past 60 years. For the last 30 years, double in size every two years this is remarkable considering Asian Paints only has an R&D spend of 0.3% and its paints are not of the highest quality in the market see
The above chart is that of a daily time frame of Berger Paints Stock. The stock has a long term resistance at 840-850 levels and a long term support at 680-700 with a short term support/ resistance at 770-780 levels. Recently the stock has broken the short term support zone of 770-780 with a big bearish red candle showing huge resistance. This was trigerred by a...
Good breakout from previous resistance of 847.
RS is still below 0 on 2HR and Daily candle. If RS turns positive in next 1-2 session we can take entry with short term targets 900, 980 and medium-long term target 1050 and 1150 with good support of 775.
Because RS is below 0 line it's a risky trade. All time high is 872.95 that can be next resistance too.
BP is trying to stay in the trendline- support area.
A good buy can be seen at the 812-818 levels.
long targets are given. please keep stop losses in place.
cheers.
After in the tight zone Berger paint tries to breakout from the zone. If candle loses above the Trendline we can expect a good move in this stock. Entry will be around 840-846
Sl below the trendline
Target 3-5%
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
