viki9

Berger paint long move

Long
NSE:BERGEPAINT   BERGER PAINTS IND
BERGER 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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.