Berger Paints (I) Ltd.

*Berger Paints (I) Ltd.*

P&F on Decadal Basis.
*W* on Yearly Basis.

Strong upward Price BreakOut Sustained.
Strong Vol. Consolidation. Continued traction required.
RSI: 1H>D>W>M
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 on Monthly Basis.

*Trail SL with Upside*
*Book Profit as per Risk Appetite*

1) Stable / Falling Crude prices in light of Libyan/Iraq oil flow. Muted / Slowing Chinese economy leading to lower demand higher supply. This will be Margin Accretive for Crude based products manufacturers.
2) Increasing RE / Replacement demand additional+ve factor.

*This is an Opinion. Do Your Own Research.*
*_Happy Investing_*🤓