Technical Analysis of Indian Equities by Nooresh

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

berger

 

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

Article by Nooresh Merani

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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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