Berger Paints | Inverted Head & Shoulders Breakout

10 Mar

Breakout Analysis:
Berger Paints (NSE: BERGEPAINT) has given a breakout from an Inverted Head & Shoulders pattern on the daily chart, indicating a potential bullish move ahead. The breakout level is around ₹509, which now acts as immediate support.

Trade Setup:
📈 Entry: ₹509 (Breakout Level)
🔹 Stop Loss: ₹487 (Below the right shoulder)
🎯 Targets:

Target 1: ₹520.45
Target 2: ₹530.60
Target 3: ₹542

Technical Observations:
✅ Volume confirmation on breakout.
✅ RSI moving above 60, indicating strong momentum.
✅ Price sustaining above key moving averages.

Disclaimer:
📌 This analysis is for educational purposes only and should not be considered financial advice. I am not a SEBI-registered advisor. Please do your own research and consult a financial professional before making any investment decisions. Trade wisely! 📊

9 Nis

İşlem aktif

Target Completed.... ENjoy

5 Haz

İşlem kapandı: hedefe ulaştı