Get started
investigationofchart

Double bottom pattern

Long
BERGER PAINTS IND (NSE:BERGEPAINT)  
investigationofchart  
NSE:BERGEPAINT   BERGER PAINTS IND
Support and Resistance Supply and Demand Double Top or Bottom Double Bottom resistance_level
0
0
supportandresistance supplyanddemand doubletoporbottom doublebottom resistance_level
Today stock or it call stock of the weak

*Berger paints India Ltd

Fundamental analysis
market cap 68451cr
PE ratio 79.5 this High value compare to 1, 5&10 years, lower compare to 3years PE

PEG ratio >1 to high
ROCE 23.8
ROE20.4
Dedt to equity 0.6
EPS 8.85


Technical analysis
Double bottom formation
Near at resistance level of the double bottom
Current level is main resistance 707and next resistance is 745
Can get 1:1 ratio of risk reward
Take 550 as a stop loss can get 1000+ 1:1.5 ratio risk reward
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.