Selll below low of breakdown candle at 646.45
stoploss at 666.75
1st Target will be till lower channel trendline,it may give profit little less than 1:2
Stock is looking poised for an up move. Current consolidation is looking good. Market is holding at higher levels
Key parameters to consider
EMA crossover - Golden cross is completed follow by consolidated
Breakout from Long Term Downtrend line
Formation of a short Term Uptrend line
Golden Cross completed between the LT and ST trendlines
Stock is resting at...
#Bergepaint is displaying positive signs on the weekly chart. It has recently reached a new swing high, and the relative strength indicators are also indicating favorable conditions.
Technical Analysis
Chart type: Daily
Chart Pattern : Cup and Handle
RSI: Above 50
Price: Above 20 & below 200 SMA
The chart pattern is a cup and handle, and the price is close to breaking out, which is a good sign. However, the price is currently below the 200-day moving average. This suggests that there is a possibility that the price may not move soon, but...
There can be a breakout coming on daily chart of BERGEPAINT. As the stock trying to break resistance of 605-608.
Also looks like an inverse double top pattern on the chart therefore we can create a long position and expect a target of 625-630 with a stop loss at 604-603.
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
BERGERP not to be missed breakout, BergerP made rounding bottom pattern on daily chart with good volumes & trading comfortably above neckline.
Could be bought with mentioned stoploss & target.
Risk:Reward is very much in favour of bulls.
After hitting a all time high of 870 levels stock came down to 530 levels and witnessed a sharp correction of 40% almost from the highs and broke it's 100 day moving average on 16th September in year 2022 at 640 levels it is almost a correction of 17 too from a breakdown of 100 ema, but by today's session it gives a close above on that 100 ema after after six...
BERGER PAINTS Daily has trendline breakout + Inverted head n shoulder breakout + 200 ema support on daily candle. Good to buy at 615 for target of 704 with sl below 594
Berger Paints : W pattern on daily chart 📈 buy on break out 610
targets 620,630.640 If it get down then Risky traders can buy between 600-580-590
SL 15 Points
BERGER paints move
Chart currently at medium term support which earlier was resistance on the charts. Refer long term chart for better understanding.
Expecting some upmove as it's breaking the downward channel and trying to move up. First week will move up for few percent then retracement of the chart and then expecting some breakout move of
674 - 770 With base...
