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Buy Berger Paints (I) Limited
Last Close: Rs 735.95
Initiation range: Rs 730-735
Target: Rs 780
Stop loss: Rs 710
Rationale: Berger Paints has been consolidating for the last four months, taking a breather after a phenomenal run. It has formed a base after hovering around the support of medium-term moving average (100 EMA) on the daily chart and looks all set for a rebound now. The chart pattern and confirmation indicators are also in sync with the view. Traders shouldn’t miss the opportunity and create fresh longs in the mentioned zone.
Buy Havells India Limited
Last Close: Rs 1,029.65
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