NSE:BERGEPAINT Observations: 1)On 1hr Time frame It gave breakout of rounding bottom pattern. Critical support level is 825. For the good upmove it has to give breakout of 840 level. Please refer below chart : 1 hr time frame. ------------------------------------- For POSITIONAL long trade one can take long position from CMP as far as it is...
1. NSE:BERGEPAINT is in a falling channel on Daily Time Frame 2. Double Top formation on 30 Min Timeframe with 811 as neckline 3. 820CE has the highest OI and change in OI 4. Currently stock is near supply zone 5. The rise in price yesterday was just a short covering as per order flow analysis 6. RSI Bearish Hidden Divergence on Daily Timeframe Initiate a sell...
Hello friends, As you see the price range of 832 - 836 was a good resistance for the stock. The level was tested multiple times in past and whenever the level was broken 832 - 836 acted as support. Even yesterday the stock tested the particular point but couldn't break it. So keep an eye on the stock as its counter part Asian paints performing well. Levels we...
#BERGEPAINT entry and exit levels on the chart (refer black/blue lines). Place SL@0.4% of the entry price. Zones (if present are in pink/orange) are the places where it's unsafe to enter, #INTRADAY
Study Purpose Resistance BO with Good Volume Buy Range 840-846 SL 800 Target 920
Levels mentioned on chart by Long Tool. SL based on daily closing. (DCB)
Notable points: 1.Stock is taking support at major weekly trendline support area, also same zone is a previous resistance which turned into support now. 2.The stock is at 50% fibo support and seeing some buying interest with formation long lower wick candle at the support. 3.The stock is almost bottomed out in RSI , thus can expect a bounce from this area. 4.The...
NSE:BERGEPAINT When market break on upside or break the resistance line of this pattern, market was totally on bullish nature and we have to catch that bull run.
This scrip had recently broke the channel pattern and 100EMA too. As it is just a three month pattern there can be a moderate down move in this scrip. Swing may short this scrip in futures and may have their SL above the prev candle high or above the channel pattern support. Have your first target of 200EMA.
Burger Paint at Consolidation Zone At support, tested many times. Short below 800 levels.... But more chance to Move Up As Good volumes coming.... Buy Above 832, with SL 800 for Targets of 842/52/62+++ ----------------------------------------------------- In Paint Sector, Burger paints a good script... Giving good competition to Its Peers, Asian Paints & Nerolac Paints
#BergerPaints next Harmonic pattern PRZ-806-799 SL-798 CMP:819 @21 August 2021
Buy from cmp to 813 easy target 842 Disclaimer : This is my personal analysis for study purpose not intended for trading
bergerpaint : 811.15 key highlights : trading setup : 1. buy with stop loss as 780 on closing basis 2. targets : 837/858/875+ technical setup: 1. trend line 2. demand zone 3. price support note : stock has been exactly trading in upper resistance trendline / lower supportive trendline . clear view showed in charts & trade setup explained in description
it has formed bullish shark harmonic pattern in 2hr chart. it may retrace till 0.38%-0.50% of point CD
r: R 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 not buy/sell at...
Demand zone at bergepaint long at this level stocks trading ideas
A good Breakout is seen on berger paints in the month of July and it has come to re test its support of 817-820. If it takes the Support, a good Long can be taken. Ps-Will be updating this idea after getting more information
Simple chart patterns Retraced Well New ATH expected in short term