Berger Paints –
Had recommended the stock in our detailed powerpoint as a good midcap pick,
The stock has remained resilient in current markets and is on verge of a major breakout. Accumulate between 112-102 with a stoploss of 95 and target price of 120-135 in medium term.
The view for the index remains the same as before book partially at 16800-17300 and be stock specific. We have seen good performance in all our stocks mentioned. Was a bit busy with family commitments so could not update much last week.
Technical Analysis Training sessions planned for Banglore and Hyderabad for more details call – Kazim 09821237002 or Asif 09833666151
Regards,
Nooresh
Related posts:
- Berger Paints – Interestingly poised for medium term.
- PTC India – Major Technical Breakout. Accumulate for a target of 90-95 in short to medium term.
- Jaiprakash Associates – Major long term channel breakout gives a target of 120.
- GMDC – Accumulate with a long term view and target of 280.
- Berger Paints – Nice Range Breakout. Heading to 180
{ 4 comments… read them below or add one }
i HAVE BOUGHT 200 SHARE OF BERGER PAINT @ 112.4 . SHOULD I HOLD OR SELL ?
Hi Devanshu,
As mentioned its an accumulate and closing above 112 will create a sharp move.
Add around 102.
Can we add more at current levels.some moemtum getting bulit up.Nooresh, What’s your reading on Berger Paints?
Thanks
Hi Riyaz,
The stock would be better added on closing above 113 levels. Apart from that we have an average of 106-108 for the holding. Will remain invested for medium term.