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Stock analysis Berger Paints (I) Limited BERGEPAINT

More indepth analysis on MunafaSutra.com

Moving Averages for Berger Paints (I) Limited

  • 5Day Average: 486.68
  • 12Day Average: 503.29
  • 20Day Average: 518.1
  • 50Day Average: 565.62
  • 100Day Average: 556.5
  • 150Day Average: 536.26
  • 200Day Average: 542.51

BERGEPAINT Indicators & signals

Indicator MACD (12,26,9)

501.48, 524.28, -19.85
Indicator MACD is in negative zone

Indicator ADX (14)

65.77, 7.33, 35.49
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of BERGEPAINT Berger Paints (I) Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 476.25 475.00 to 483.45 -0.65% 0.47 times
18 Mon Nov 2024 479.35 478.40 to 494.00 -2.55% 0.46 times
14 Thu Nov 2024 491.90 486.00 to 495.75 0.44% 0.36 times
13 Wed Nov 2024 489.75 485.40 to 495.15 -1.29% 1.25 times
12 Tue Nov 2024 496.15 490.60 to 498.00 1.09% 0.74 times
11 Mon Nov 2024 490.80 485.95 to 496.30 -2.67% 1.56 times
08 Fri Nov 2024 504.25 502.70 to 518.00 -2.32% 0.72 times
07 Thu Nov 2024 516.25 513.95 to 527.00 -1.69% 0.75 times
06 Wed Nov 2024 525.15 508.00 to 528.50 2.29% 2.26 times
05 Tue Nov 2024 513.40 510.00 to 527.30 -2.12% 1.31 times
04 Mon Nov 2024 524.50 520.00 to 533.75 -1.36% 0.6 times
01 Fri Nov 2024 531.75 529.10 to 542.75 -0.94% 0.23 times

Technical analysis forecast for Berger Paints (I) Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Berger Paints (I) Limited BERGEPAINT at this time. Stock is falling and might fall more.

It appears as if Berger Paints (I) Limited BERGEPAINT gave a large move recently.

Stock of Berger Paints (I) Limited (BERGEPAINT) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Berger Paints (I) Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Berger Paints (I) Limited stays below 492.8, but if it comes above 492.8, then a intra day buy could be more profitable.
If you take a sell trade below 492.8, then use 492.8 as stoploss and 465.3 as target. However if you take a buy trade in Berger Paints (I) Limited, then use 492.8 as stoploss and 515.79 as target.

More indepth analysis on MunafaSutra.com