GeetaDeshmukh

Bearish divergence in Berger Paints

Short
NSE:BERGEPAINT   BERGER PAINTS IND
After a long bull run in Berger paints the stock is showing signs of underlying bearishness.
CCI is coming near 100 line showing bearish divergence with respect to price.
Rsi is also showing flat and diverging in the direction with respect to the price.
An increased VIX Implies greater Voltality in the markets.
A correction is expected Soon.
Trade with strict stoplosses. BERGEPAINT
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.