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Berger Paints India LimitedBerger Paints India LimitedBerger Paints India Limited

Berger Paints India Limited

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Berger Paints: Pattern Formation — Is This the BreakoutThis is the daily timeframe chart of Berger Paint. The stock is moving within a well-defined channel and has formed a Cup & Handle pattern inside the structure. If the pattern continues to hold and the price stays above ₹500, the pattern remains valid. A breakout above the resistance may trigger potential upside targets of ₹766 and ₹866. However, if the price fails and breaks below this zone, the stock may decline toward the channel support near ₹400. Thank you.
NSE:BERGEPAINTLong
by FiveCircles
Berger Paints at Make-or-Break Point:Descending Triangle PatternBerger Paints is currently testing the upper boundary of a long-term Descending Triangle on the weekly chart — a pattern known for sharp breakouts or breakdowns. 📊 Resistance Zone: 600 – A breakout above this level could trigger a powerful upside rally towards 825+, supported by the pattern's height projection. 🔻 Support Level: 543 – A breakdown below this level may lead to a sharp fall towards 400 levels. ⚠️ Bearish Pin Bar Candle at resistance signals caution; confirmation is key before entering any trade. 📌 Watch closely for a decisive move – this zone is critical for trend reversal or continuation. This setup offers a high-reward opportunity for positional traders, with clear entry and exit zones. Manage your risk wisely and follow with volume confirmation.
NSE:BERGEPAINT
by TradZoo
BERGEPAINT : Going LongThe current net holding is approximately 1.875% of the net capital. I plan to increase the holding to 2.5% once the price reaches the channel's lower trendline. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:BERGEPAINTLong
by Sniper-Traders
Berger Paints Long setupHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:BERGEPAINTLong
by OptionCallPro
BERGER PAINTS | Swing trade opportunity | 100% returnsBERGER PAINTS Monthly time frame Stock consolidating between 450 – 730 for the last 5 years Stock has retested the support zone of the white parallel channel and looks good to touch the resistance of this channel Stock riding above 20-, 50- & 200-month moving averages RSI = 55, indicating build-up of bullish momentum MACD crossover expected and is above the 0 line, indicating bullish momentum Volumes have been good since May 2024, implies heavy buying Weekly time frame Breakout of the yellow trend line, retest done & bullish momentum established Stock riding above 20-, 50- & 200-week moving averages 20WMA about to cross 50WMA and golden crossover also approaching RSI > 60, indicating bullish momentum MACD above the 0 line, indicating bullish momentum Daily time frame Breakout and retest of the yellow trend line clearly confirmed Breakout of the blue resistance dotted trend line after 11 months Stock in the process of making a higher high (Dow theory) Breakout of the cup and handle pattern Stock riding above 20-, 50- & 200-day moving averages 20DMA has crossed 200DMA, and golden crossover is also approaching RSI > 65, indicating bullish momentum MACD is well above the 0 line and in green zone, indicating solid momentum Conclusion Entry: 585 Stop Loss: 525 Target 1: 725 Target 2: 830 Target 3: 1070 Fundamentals ROCE = 27.5% {Ideal > 15} ROE = 23.5% {Ideal > 15} Stock PE (58) = Industry PE (54) {Stock not overvalued} Int Coverage = 22 {Ideal > 2} CF Operations / EBIT = 0.98 {Ideal > 1} Debt to equity = 0.14 {Ideal value < 1} Promoter stake has remained consistent over the years > 74.99%
NSE:BERGEPAINTLong
by shyamsrk2
3
Buy Berger PaintsBerger Paints is the second largest paint company of India and a trusted brand in the market. It has given its best quarterly results and still the company is almost 27% down from its lifetime high. It is a good time to invest in the company. The company has reduced debt. The company has been maintaining a healthy dividend payout of 35.8%. Please do your own analysis before investing. Hope you learned something new from my ideas. Do like, share and follow me. thank you!
NSE:BERGEPAINTLong
by ronak16125
Berger Paints (I) Ltd.*Berger Paints (I) Ltd.* P&F on Decadal Basis. *W* on Yearly Basis. Strong upward Price BreakOut Sustained. Strong Vol. Consolidation. Continued traction required. RSI: 1H>D>W>M EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 on Monthly Basis. *Trail SL with Upside* *Book Profit as per Risk Appetite* 1) Stable / Falling Crude prices in light of Libyan/Iraq oil flow. Muted / Slowing Chinese economy leading to lower demand higher supply. This will be Margin Accretive for Crude based products manufacturers. 2) Increasing RE / Replacement demand additional+ve factor. *This is an Opinion. Do Your Own Research.* *_Happy Investing_*🤓
NSE:BERGEPAINTLong
by IdeasNeosagi
Positional Trade Setup for Berger Paints:The chart indicates a "Cup and Handle" pattern, which is a bullish continuation pattern. The price has formed a rounded bottom (the cup) and appears to be forming the handle, suggesting a potential breakout above the resistance level. The stock is currently testing the resistance zone around 597-600 INR, which is a crucial breakout level for the completion of the pattern. Volume Confirmation: The breakout attempt is accompanied by increasing volume, which is a positive sign indicating strong buying interest. This volume confirmation supports the likelihood of a successful breakout. Entry Point: A good entry point would be on a confirmed breakout above 600 INR with strong volume, or on a pullback to the 590-600 INR range, provided the pullback is on lower volume, indicating consolidation rather than a reversal. Stop Loss: Place a stop loss below the handle low, around 570 INR, to protect against false breakouts or pullbacks that invalidate the pattern. This placement gives a buffer zone below the key support areas. Targets: The first target could be set around 650 INR, which is a calculated target based on the depth of the cup. A longer-term target can be set around 675-700 INR, aligning with previous highs and potential psychological levels. Risk-Reward Ratio: Aim for a risk-reward ratio of at least 1:2. With an entry near 600 INR and a stop loss at 570 INR, targeting 650 INR or higher provides a favorable setup. Additional Considerations: Watch for the RSI and other momentum indicators to ensure they are not in overbought territory when entering. A strong trend with momentum confirmation will enhance the trade setup. Keep an eye on overall market conditions, as they can influence the performance of the stock. Summary: Berger Paints is showing a promising Cup and Handle pattern with the potential for a breakout above the 600 INR level. A breakout with volume confirmation offers a good entry point for a positional trade targeting 650 INR and beyond, with a stop loss to manage risk below 570 INR. This setup presents a strong opportunity, provided market conditions remain favorable.
NSE:BERGEPAINTLong
by RajputAmarjit