BERGERPAINT formed Pennant
Updated
Berger Paint formed Pennant Pattern and now facing resistance at 200 Day EMA line (Blue in chart) and volumes are dried up..
Its Technical indicators also shows some weakness,
1) RSI crossing down its 100SMA,
2) Stochastic RSI shows bearish cross down
Its Technical indicators also shows some weakness,
1) RSI crossing down its 100SMA,
2) Stochastic RSI shows bearish cross down
Note
give breakout upside..we may bet it near 755-760 with small stoploss at 738 for targets of 799 and 810
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