Double bottom pattern
Today stock or it call stock of the weak
*Berger paints India Ltd
Fundamental analysis
market cap 68451cr
PE ratio 79.5 this High value compare to 1, 5&10 years, lower compare to 3years PE
PEG ratio >1 to high
ROCE 23.8
ROE20.4
Dedt to equity 0.6
EPS 8.85
Technical analysis
Double bottom formation
Near at resistance level of the double bottom
Current level is main resistance 707and next resistance is 745
Can get 1:1 ratio of risk reward
Take 550 as a stop loss can get 1000+ 1:1.5 ratio risk reward
*Berger paints India Ltd
Fundamental analysis
market cap 68451cr
PE ratio 79.5 this High value compare to 1, 5&10 years, lower compare to 3years PE
PEG ratio >1 to high
ROCE 23.8
ROE20.4
Dedt to equity 0.6
EPS 8.85
Technical analysis
Double bottom formation
Near at resistance level of the double bottom
Current level is main resistance 707and next resistance is 745
Can get 1:1 ratio of risk reward
Take 550 as a stop loss can get 1000+ 1:1.5 ratio risk reward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.