Berger Paint- A Messy Chart!
Berger Paints is trading at a very important level and is trying to break resistance line running since All Time High.
Strictly Based on technicals-
1. Recent Breakout happened at around 550 levels which is acting as a supply zone for the stock for the past few moths.
2. Moving Average of 20,50&200 on daily is right now support for the stock from 510-535 levels.
3. Recent low made by berger and the trend line following it is acting as a support also for the stock.(Green Trend line)
4. Currently 78.60 fib is acting as a resistance, but the stock is trading above that price, So might be a good price to enter at that fib level.
5. Breakout above 570 levels with good volume , we can see a move towards ath very soon and crossing that ath.
Strictly Based on technicals-
1. Recent Breakout happened at around 550 levels which is acting as a supply zone for the stock for the past few moths.
2. Moving Average of 20,50&200 on daily is right now support for the stock from 510-535 levels.
3. Recent low made by berger and the trend line following it is acting as a support also for the stock.(Green Trend line)
4. Currently 78.60 fib is acting as a resistance, but the stock is trading above that price, So might be a good price to enter at that fib level.
5. Breakout above 570 levels with good volume , we can see a move towards ath very soon and crossing that ath.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.