 "Trading Strategy")
Buy Berger Paints (I) Limited
Last Close: Rs 529.70
Initiation range: Rs 525-530
Target: Rs 550
Stop loss: Rs 520
BERGEPAINT has been consolidating in a range around its record high for nearly three months or so. On January 14, the stock surged strongly and made a new record high, supported with a noticeable rise in volume. The chart pattern is pointing towards the prevailing momentum to continue. We advise initiating fresh longs in the given range.
Buy Britannia Industries Limited
Last Close: Rs 3,105.15
Initiation range: Rs 3,100-Rs 3,110
Target: Rs 3,300
Stop loss: Rs 3,000
We’re seeing a
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