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...
Trendline breakout in Berger paints Can make position ABV 625 Good risk reward
Berger is followings channels as per technical charts. I'm long on it
Good opportunity in Berger paint Berger paint making Flag and pole pattern And it's making Inside bar candle and it's taking support from Fib level of 0.618. If it's break above @643 Then target O is 677/700/711. It's only for educational purpose buy on ur Risk
Berger Paint is trading close to its previous swing and has recovered very well after breaking it. It is expected that this will go up from here. Full position has been entered. Strong closing on hourly candle near the SL zone will be SL for this trade.
this one is for 16th AUG and im completely bearish with one because of the high wick we can on the latest candle and even in the previous highs. -Happy Trading !!!
The idea here is about TECH MAHINDRA Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed on a weekly chart. 2. Break out of Downtrend channel with good Volume. 3.Trading way above 20 EMA on weekly chart. 4. MACD over Signal line on weekly chart . 5. RSI is at 56.80 on a weekly Chart. 6. May retest the...
The idea here is about BERGER PAINTS Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed on a weekly chart. 2. Elliott's Wave Corrective wave completed and price has broken out of Downtrend channel with good Volume . 3. Trading way above 20 EMA on weekly chart. 4. MACD over Signal line on weekly chart...
Target as shown in the figure : Consolidated perfectly , Spike in Volume indicates uptrend . invest 30% Stop loss 7% return 22%
BERGER PAINTS - Absorption of supply inside a narrow range while momentum was building up all this time. One can go long with a SL of 50 ema. Good risk reward ratio here.
Berger paint is slowly moving up before the results. RSI is strong. But it can enter oversold zone when it gives a breakout
For short to medium term : HH-HL formation was building up very well but with today's fall breaking below 19th April low HH-HL formation is breaking and there is a chance of turn around once again. SL : 718 and target : 650 For Long term : for long term as well it looks weak at least till 600. after that one can start adding in positions.
Bergerp made bullish abandoned baby on an hourly charts with good volumes. Could be bought with mentioned stoploss & target
Berger Paints swing trade 1:2 risk to reward ratio Buy above-721 SL-711 Tgt-740
Berger Paints Ltd is an Indian multinational paint company, based in Kolkata, Bengal, India. This company has 16 manufacturing units in India, 2 in Nepal, 1 each in Poland and Russia. Wikipedia Customer service: 1800 103 6030 CEO: Abhijit Roy (2012–) Headquarters: Kolkata Revenue: 6,365.82 crores INR (US$850 million, 2020) Founded: 17 December 1923 Parent...
It's very simple setup, don't make analysis complicated.
Flag and Pole Pattern on shorter time frame CMP: 735.20 Entry above 740 Target: 748-750 SL below 732