We have identified some technical reasons of recent fall in Indian share market in Fab-Mar 2020.
After that we saw a sharp upside rally but in middle of Sep we are finding some major technical reasons which can move the market further downside.
Berger Paints is trading in strong uptrend in Monthly and Weekly Time Frames
It has already been bounced from Major Support Level and 20 Days Moving Average. RSI also took support at 60 Level.
Today it broke the Previous Swing High of 581.95 and made the intraday high of 583.10. Now if it breaks the level of 584 then strong upside rally is expected to be seen