Berger paints heading towards 52 Week highBerger paints is heading towards 52 week high of 710 levels.
It is outperforming Nifty and among the strong stocks.
BERGEPAINT trade ideas
Berger paints breakdownSelll 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
TWO GOLDEN CROSSES - WAITING TO FLY ?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 crucial Resistance turned Support Levels
2 Entry point are marked on the charts for aggressive and conservative traders/investors
2 Target levels are marked on the charts
Trail your targets as per your Risk-2-Rewards appetite.
This is my analysis and not any recommendation to entry in any trade. Invest wisely and with proper analysis and guidance.
BERGEPAINT#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.
Bergerpaint : Fresh Colors & a Cup of TeaTechnical 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 instead slowly move up.
berger paints -long weekly charts showing IB formation
MACD are positive
overall bullsih
good RR 4.5:1
Berger Paints - CASHThere 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.
BERGERPAINTENTRY 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.
BERGERPBERGERP 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.
Berger paint, weekly trendline breakout viewIt's my personal view.
This is for educational purpose only.
This is not buying or selling recomendations.
I am not sebi registerd.
BERGER BREAKOUT 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 months trading below that moving average and broken a resistance at 576 levels which is identified for a resistance for uptrend resumption after making the swing low of 530 levels so I am considering this as a breakout for the target of 625 to 640 levels with the stop loss of a daily candle close below of that resistance of 575 levels hopefully it will follow the rounding bottom arc and will the given targets for us.
IDENTIFICATIONS-:
💡100 EMA FACTORS
💡 RESISTANCE BREAK WHICH WAS NEEDED FOR UPTREND RESUMPTION
💡 ROUNDING BASE FORMATION AND PICKING UP FROM THERE
𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄.
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧 👤✌️
BERGER PAINTS Daily looking bullishBERGER 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 Analysis - 28-4-2023 For Swing PositionBerger 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
Cup and Handle formationBerger paint having cup and handle pattern. look for breakout soon.
pleas note: This is not recommendations, only for learning purpose.
Berger paint long moveBERGER 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 534 - 594. Volume to play some role as well as the crude prices.
No recommendations, just my view based on the charts.
Berger PaintsBerger Paints
At trendline resistance
Short Term Trading Idea
Long if sustains above 596
SL for ST 585
BERGER Paints Possible Breakout!!Berger Paints is trying to give a breakout but so far not seeing any increase in volumes. Price breakouts without volumes are usually fake breaks or traps. If the volume picks up then it will be a good candidate for longs.
Berger paintsBerger paints probably make a new high
Berger paint on near monthly demand zone
High chance to make a new high
Berger Paints Above Strong Demand ZoneBerger Paints looks attractive...
Fundamentals : Strong, one of the leading players from into the Paints segment.. consistent growth on YOY Sales, Profits, EPS. High Reserves vs low debt.
Technicals : Taken strong support and price looks fair after good correction. Very attractive RR
R1: 630
R2: 680
R3: 740
SL : 530
Berger paint trade ideaBerger paint looks good.
I will go long above 582.
Target1 1 -- 595
Target 2 --- 607
SL ---- 570
This is not a call or signal just my own ideas.
For educational purpose only.
