Positional Buy on BERGER PAINTS
Taking Support on 200MA Weekly time frame.
On daily time frame Berger Paint has good support area between 540- 570 (Stock has good volume in this support zone)
Results is in line with market expectations and management commentary shows profit margin can increase in upcoming quarters by 250 basis point.
Buy for target of 660/700.
Holding Period 2 to 3 months
Keep Strict SL of 535
On daily time frame Berger Paint has good support area between 540- 570 (Stock has good volume in this support zone)
Results is in line with market expectations and management commentary shows profit margin can increase in upcoming quarters by 250 basis point.
Buy for target of 660/700.
Holding Period 2 to 3 months
Keep Strict SL of 535
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