Berger Paints at Make-or-Break Point:Descending Triangle PatternBerger Paints is currently testing the upper boundary of a long-term Descending Triangle on the weekly chart — a pattern known for sharp breakouts or breakdowns.
📊 Resistance Zone: 600 – A breakout above this level could trigger a powerful upside rally towards 825+, supported by the pattern's height projection.
🔻 Support Level: 543 – A breakdown below this level may lead to a sharp fall towards 400 levels.
⚠️ Bearish Pin Bar Candle at resistance signals caution; confirmation is key before entering any trade.
📌 Watch closely for a decisive move – this zone is critical for trend reversal or continuation.
This setup offers a high-reward opportunity for positional traders, with clear entry and exit zones. Manage your risk wisely and follow with volume confirmation.
