Berger Paints – Accumulate for medium term target 120-135.

By Nooresh In Bse Midcap Small Cap Coverage Stock Charts Stock Technical View Last Updated On: 16/10/ 2011

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

nooreshtech@analyseindia.com

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{ 4 comments… add one }

devanshu September 19, 2011, 17:35
i HAVE BOUGHT 200 SHARE OF BERGER PAINT @ 112.4 . SHOULD I HOLD OR SELL ?

Reply
- nooresh September 19, 2011, 18:13
  Hi Devanshu,
  
  As mentioned its an accumulate and closing above 112 will create a sharp move.
  
  Add around 102.
  
  Reply
Riz November 3, 2011, 13:14
Can we add more at current levels.some moemtum getting bulit up.Nooresh, What’s your reading on Berger Paints?
Thanks

Reply
- nooresh November 3, 2011, 21:49
  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.
  
  Reply

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Berger Paints – Accumulate for medium term target 120-135.