As per my analysis, NSE:BERGEPAINT is consolidating to move upper side.
My best entry level is 587 with stop loss of 563, and hold positionally till targets of 621 & 665.
Note: This is my personal analysis, only for learning.
Thanks.
The idea here is about BERGER PAINTS
Mentioned below are the points to be considered
Points as per TA on a Weekly Chart:
1. Crab Pattern Completed on a weekly chart.
2. Elliott's Wave Corrective wave completed and price has broken out of Downtrend channel with good Volume .
3. Trading way above 20 EMA on weekly chart.
4. MACD over Signal line on weekly chart...