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BERGER PAINTS Share Tips, Technical Analysis Chart, Intraday Stock trading Graph - Stock moving in up channel and moving up from 50 DMA, Will find next resistance around 310, 316. (Updated on 06th August 2014, Wednesday)


BERGER PAINTS




  • BERGER PAINTS moving in a up channel formation in daily chart, which indicates as long as stock moves in its formation Berger Paints will favor bulls. By looking at image no 1 , technical chart indicates stock gave reaction as soon as it touched its up channel trend lines.
    • Daily chart also indicates stock is facing strong trend line resistance around 310 & 316 once closes above its resistance and stays above then some intraday action is expecting in Berger Paints.
    • Intraday close watch once stock starts trading above 310 & 316, if stays above then come intraday bulls action is expecting in this stock.
    • Suggested Reading - OBC is moving up from strong support and is on the verge of bullish breakout.
  • Chart also indicates that stock took its 20 days moving average support and bounces back, By looking at chart closely it indicates that stock took 20 DMA support 4 times and always bounced back. This will favor bulls to move the stock upwards.
  • Technical charts indicates if stock closes above its previous top of 316 and it stays above then Berger Paints will find next strong 161.8% fibonacci retracement resistance around 337.
  • Click here to see all the free trading reports (tips) published by us on BERGER PAINTS (as per technical analysis point of view).
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.