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Berger Paints - Possible investment opportunity

Long
BERGER PAINTS IND (NSE:BERGEPAINT)  
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NSE:BERGEPAINT   BERGER PAINTS IND
Trend Analysis bergerpaints
32
2
trendanalysis bergerpaints
Key highlights:

- Sitting in the monthly demand zone
- Hovering around 200-week EMA since May 2022
- Can give a positive reaction if buyers turn up
- Possible bear trap in formation
- 100 month EMA is just below the demand zone
- Seems like a good investment opportunity

Monthly - 50 EMA and 100 EMA for reference
snapshot

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
Community Manager (India), TradingView
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

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