BERGER PAINTS – Technical Breakout Update
Pattern: Falling Wedge + Consolidation near support
Breakout: Price closed above previous Lower High (trend reversal confirmed)
Conviction:
Structure shift (CHoCH)
EMAs turned bullish
Strong breakout candle with volume
Consolidation after breakout shows strength
Target Setup
Entry: CMP / Retest near ₹548–552
Stop Loss: ₹532
Targets: ₹578 / ₹600 / ₹612
Risk–Reward: 1 : 3
Disclaimer:
For educational purpose only. Not a buy/sell recommendation. Trade with proper risk management.
Pattern: Falling Wedge + Consolidation near support
Breakout: Price closed above previous Lower High (trend reversal confirmed)
Conviction:
Structure shift (CHoCH)
EMAs turned bullish
Strong breakout candle with volume
Consolidation after breakout shows strength
Target Setup
Entry: CMP / Retest near ₹548–552
Stop Loss: ₹532
Targets: ₹578 / ₹600 / ₹612
Risk–Reward: 1 : 3
Disclaimer:
For educational purpose only. Not a buy/sell recommendation. Trade with proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.