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Berger Paints Long Setup

Oleh AdNoor
Stock was in down trend after hitting ATH few months back. Before Breakout the downward trend line, stock consolidated in a tight range for few weeks clearly indicating that stock has made its bottom. Stock has given BO of trend line and Retested it today, although market was very bearish. Also stock is trading above 50DEMA and it is aslo sloping upward. A good long Setup with good risk to reward.

Disclaimer: I am not SEBI registered
bergerpaintsbreakoutChart PatternsTechnical IndicatorslongsetupswingtradingTrend Analysis
AdNoor

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