As its made head and shoulders pattern on chart which means selling and for confirmation it also retest of level 707 after that falling so minimum target 548 in few days go for short
Berger Paint Stock on Daily TF made Cup Pattern Formation. CUP Pattern made from Dec.22.also stock has given closed above 20day MA with high volume.
Entry : CMP
Sl : 355
Upside Move : 390
Berger paint is at a very important support zone.
Good to buy this if a reversal is seen from this point.
Trade safe. Manage risk. Be profitable.
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Berger Paint is trading at strong support zone and this stock is falling from last 2 months we can start buying when price comes to near 545 level for short term investment.
The BERGER PAINTS has broken it's bearish trend at 608 and came back for a retest and now it is going take an upward move. Can consider a buy at 618.
Can hold till 710.
As per my analysis, NSE:BERGEPAINT is consolidating to move upper side.
My best entry level is 587 with stop loss of 563, and hold positionally till targets of 621 & 665.
Note: This is my personal analysis, only for learning.
Thanks.
Berger Paints made a breakout and retest on the daily TF line chart.
Earnings on Nov 10th, 2022.
Pre ER run possible in this script.
Watchout for atleast 40-50rs move.
CMP is 604.
Bergerpaint had been in a recent up trend post which there has been a retracement and it’s taking support on 0.618 levels. Considering the Fibonacci levels, we are expecting the long rally to be in tact and considering the recent downtrend as a pull back.
We can initiate a long trend with a stop loss lower than 0.618 levels (599) and can target a risk to reward...
