A price action seen in Berger paints
Hello friends,
As you see the price range of 832 - 836 was a good resistance for the stock. The level was tested multiple times in past and whenever the level was broken 832 - 836 acted as support. Even yesterday the stock tested the particular point but couldn't break it. So keep an eye on the stock as its counter part Asian paints performing well.
Levels we can look into
Above 838 can be a buy opportunity and target of 870
Stop Loss could be below 828
As you see the price range of 832 - 836 was a good resistance for the stock. The level was tested multiple times in past and whenever the level was broken 832 - 836 acted as support. Even yesterday the stock tested the particular point but couldn't break it. So keep an eye on the stock as its counter part Asian paints performing well.
Levels we can look into
Above 838 can be a buy opportunity and target of 870
Stop Loss could be below 828
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