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Published on 25/09/2020 10:26:12 AM | Source: Motilal Oswal Financial Services Ltd

Buy Berger Paint Ltd For Target Rs. 602 - Motilal Oswal

Posted in Broking Firm Views - Short Term Report| #Berger Paints India Ltd #Paint #Trading Report #Motilal Oswal Financial Services Ltd

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Technical Trading Idea

* The stock has respected its 50 DEMA and turned higher even after a sharp selloff in the broader market. Major trend of the stock is positive and every small declines are being bought in this counter which could take it to new life time high territory. Mechanical indicators are holding a bullish stance with positive setup in monthly and weekly scale in the counter,.

* Thus, recommending to buy with stop loss below 562 for an upside target towards 602 levels.

 

Buy Berger Paint Ltd @ 2-3 Days CMP 575 TGT 602 SL 562

 

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