Wednesday, March 13, 2013

BERGER PAINTS ANALYSIS 12 MARCH

This is Berger Paints 8 yr weekly chart showing the bearish divergence and a indication to fall heavily in near future.

This is Berger's 1 yr daily still showing bearish divergence and a H&S Pattern which has not shown any of its effect on price yet.
Means we can expect this stock to fall near its H&S point.

Now this is 6 months daily chart still showing the bearish divergence and you can clearly see the H&S pattern in it...

My advice is to stay away from this stock or play F&O...


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