BERGEPAINT trade ideas
BERGERPAINT ON VERGE OF BREAKOUTTESTING THE TRENDLINE RESISTANCE. COULD BE A MAJOR BREAKOUT. KEEP IT IN THE WATCHLIST.
Possible BERGEPAINT Triangle Breakout - LONGLooks like BERGEPAINT is headed to a breakout.
NB- Pls do your own analysis before participating/investing in the markets.
ALERT!PATTERN FOUND IN BERGER PAINTSHey Hey Traders hope you guys are doing well,
Found this pattern while analysing the stocks.
So thought to share with you
Hope it will help you in your analuse,
In case if you want more support dont hesitate to contact me
-Rv The Trader
Berger paint at resistance! May fall with Nifty!!Berger paint is moving in an rising wedge!! At topmost resistance! Can wait for trendline break on downside and enter at a retest!!
Ascending Triangle Breakout - Berger PaintsAscending Triangle Breakout seen in Berger Paints with high volume.
Buy only if the high of the breakout candle is broken.
Target a 1:1 ratio.
Buy levels: 569-572
Stop Loss: 539
Target: 598
Long @ 565.10Break of trend line. Key level is 580 will add more once I see confluence around 580 region.
#fridaylash
Berger Paint- A Messy Chart!Berger Paints is trading at a very important level and is trying to break resistance line running since All Time High.
Strictly Based on technicals-
1. Recent Breakout happened at around 550 levels which is acting as a supply zone for the stock for the past few moths.
2. Moving Average of 20,50&200 on daily is right now support for the stock from 510-535 levels.
3. Recent low made by berger and the trend line following it is acting as a support also for the stock.(Green Trend line)
4. Currently 78.60 fib is acting as a resistance, but the stock is trading above that price, So might be a good price to enter at that fib level.
5. Breakout above 570 levels with good volume , we can see a move towards ath very soon and crossing that ath.
# bergerpaint ( intraday)all level mension on chart
this trade is purly intraday
so exit at target or 3.15 pm
