BERGEPAINT trade ideas
Stock Analysis of Berger PaintsPrice - 628.40 Dt. - 03-11-2020
On a daily chart, the stock is moving in a range. Price bounce back after touching the 21DEMA line and occasionally the price breaks the 21DEMA line and goes till 50DEMA. It looks like the price can come up to 21DEMA or if there will be selling pressure than the price takes the support of the 50DEMA or the below trendline. RSI is near the overbought zone.
Berger Paints - Bullish Engulfing Note: This is for educational purpose only.
There seems to be a bullish engulfing on 21 EMA. 21 EMA has been acting as a dynamic support in the past. Moreover, 21 EMA is above 55 EMA which acts as a short term uptrend. RSI above 65 indicates bullish momentum.
BERGER PAINTBERGER PAINT Buy around 630 for the Targets of 640 and 650 Stoploss- 618..
Or,
Buy on Falling around 625- 620 for the Targets of 640 and 650 Stoploss 618...
Comment your views.......
Thank you,
Vishwajeet Sharma..
Go long above 620 for target of 642+It's consolidating in the parallel channel since last 2 trading session and expected breakout of this zone soon. Once breakout can go long for a target of 642+.
Trade:
Buy BERGEPAINT Above 620
SL - 615
Target 630 642+
Bergepaint Long!!!!BO above Supply Zone 580-602
if Closing Abpve 602 then good upmove may seen
Demand Zone 550-520
HH,HL formationn on daily chart
Fibo 0.618 level is 520
[Intraday] Berger Paints Channel Bet Please mark my note of "Intraday". The OI data shows huge unwinding. I am expecting a fierce movement on downside that will give 5-10 points intraday. Anyways, unless it gaps down, short on PDL breaks. If gaps up, Follow 15m ORB.
Berger Paints Stock at its all time high and can go all the way to 670, 685 in short term. Trend bullish, indicators are all bullish across every time frame.
On verge to break into Blue Sky Zone: Mega Breakout in Berger PBerger Paint is breaking its all time high stock price. Its on verge to break into Blue Sky Zone and good moment can be seen in the script in the upward direction in coming couple of months. Due to the festive season good fundamental support for the paint industry and Berger paints in very near future. In the last one year stock has given approx. 40 % return taking August month as reference. Mega-Breakout
BERGER PAINT BREAKOUT WITH GOOD VOLUMEBERGER PAINT gave breakout in PDS with good volume.
- Buy can be initiaited if high breaks(610) Target 635
- Best buy if retraces to breakout level (600)
- SL to maintained below 600 like 595, 590 according to your risk appetite
On contrary side
Shorts can be initiated only when 585 breaks (on swing basis)
BERGER PAINTNSE:BERGEPAINT | (Positional Trade)
Entry:- 600+ (Candle Close)
Stop Loss :- 560 or (According To You)
Target:- I Don't Know Because It is Breaking Above All Time High's.
(Risk Must Be Managed.)
Keep Your Eyes On Index
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