ParimalDevnath

BergerPaints, Breakout

Long
NSE:BERGEPAINT   BERGER PAINTS IND
I covered this stock on 12th May. Price has broken out and price is holding above the breakout zone so far. Please note that the stock is in strong bullish market. Chart is also forming an Ascending Triangle pattern which is a bullish assertion. Moreover, it belongs to consumption industry segment which is doing good business. (See Asian Paints). It can fetch good profit in medium to long term scenario. 350 to 400 can be expected in long term.
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