I will buy BERGEPAINTS because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 706
Target : 815
Stop loss : 680
BERGER PAINTS IS IN CONSOLIDATION AS ON THIS WEEK, IN MY VIEW MORE PROBABILITY FOR SHORT SELLING SIDE IN DAILY TIME FRAME. THIS STOCK LOOKS LIKE OVER BOUGHT AT THIS TIME AND IN CONSOLIDATING RIGHT NOW. AS PER TECHNICAL AND PRICE ACTION IN DAILY TIME FRAME ITS SIGNALING SHORT SELLING ONLY.
its bearish AB=CD pattern stock is so bullish but we might get reversal in intra so one can short as per their trade setup.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Asianpaints and Berger paints are over stretched due to the Price changes of the product in various part of the country.
both asian paints and Berger paints will be good swing sell after the sell signal for a week.