Berger Paint
Updated
Reasons to buy at Rs.625:
1. Stock took RSI 40 support after year 2008.
2. Monthly candle closed with no selling pressure.
3. Volume is more than from previous months.
4. Price taking support on 200 week SMA from May-2022 (Previous 200 week SMA support in 2010).
Targets : Previous swing highs weekly basis.
SL : Price closing below 200Week SMA.
This analysis is done for education purpose, please do your own analysis based on your strategy.
1. Stock took RSI 40 support after year 2008.
2. Monthly candle closed with no selling pressure.
3. Volume is more than from previous months.
4. Price taking support on 200 week SMA from May-2022 (Previous 200 week SMA support in 2010).
Targets : Previous swing highs weekly basis.
SL : Price closing below 200Week SMA.
This analysis is done for education purpose, please do your own analysis based on your strategy.
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