BERGER PAINTS LTD | NSE | ANALYSIS Hey guys!
BERGERPAINT has been consolidating in a triangle pattern since march this year (2020)
Seems like it just broke out of the pattern, providing more room to grow upwards.
I would be a buyer at this price with a stop loss placed just below the top trendline of the triangle.
Thank you! Follow and like if you agree :)
BERGEPAINT trade ideas
Swing trade longInside bar with good volume at the previous swing low level.
If previous day high broken one can enter long around 467 level.
target could be at 500 level.
SL at 447
Though Risk reward is not good enough to take the trade, the chart looks good to move up with good momentum once it breaks the PDH considering the continuous fall since 28th April.