BERGER PAINTS – Technical Breakout Update

BERGER PAINTS – Technical Breakout Update

Pattern: Falling Wedge + Consolidation near support
Breakout: Price closed above previous Lower High (trend reversal confirmed)
Conviction:
Structure shift (CHoCH)
EMAs turned bullish
Strong breakout candle with volume
Consolidation after breakout shows strength

Target Setup
Entry: CMP / Retest near ₹548–552
Stop Loss: ₹532
Targets: ₹578 / ₹600 / ₹612
Risk–Reward: 1 : 3

Disclaimer:
For educational purpose only. Not a buy/sell recommendation. Trade with proper risk management.