The stock has been consolidating for several months now In the weekly chart. A breakout has happened this week and am watching this stock closely for sustenance of this breakout. The price action suggests that a major round of accumulation is over in this stock and it is primed to get into a trending phase.
Buy BERGEPAINT above 288 T1: 310 T2: 330 SL: 263
Descending Channel on Berger - will it break or make ? Trade: Long Entry - 257.80 Target - 267.50 Stop loss - 249.50
BERGEPAINT stock price has given a cup and handle breakout near 250. watch near 242/250 for target 310 stop loss below 230.
Bergepaint will give a long breakout above 217.30 it can go to level upside level- 220 downside safe line-215.35 watch the prices on your terminal and act accordingly..As TV data is delayed here....This view is made from the real time data from other sources....