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

Article by Nooresh Merani

Nooresh has written 2746 articles.

You can follow Nooresh Tech on Facebook and Twitter here.

Follow @NooreshTech

{ 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

Client Testimonials

In 2 days, I learnt everything about Technical Analysis. I got much more than what I had invested. Excellent course - A must do for everybody in the stock markets

Kalpesh Oswal

“The best part is that I was never worried when the markets were down last year. I sold and bought, bought and sold at relevant stoplosses and targets. I have made good money.”

Anand Biyani, Research Analyst

View More Testimonial...

About NooreshTech

Nooresh Merani - An IT engineer by qualification and Advisor/Trainer by profession.
Founder - Analyse India.
Also consults for an institutional broking firm.

I have been blogging for the last 8-10 years with detailed, crisp and accurate views on Indian Stock Markets as well as global indices and commodities.

IT Engineer by qualification

Blogger/Educator/SEBI Registered Investmnent Adviser.

Writing actively on this blog for 8-10 years now

Guest Analyst - CNBC, ET Now, Bloomberg etc.

Full Time - Trader/Investor/Trainer/Adviser

Read more here - http://www.nooreshtech.co.in/about

http://www.nooreshtech.co.in/disclaimer

Site designed by ThesisCustomizationservice.com

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