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Technicals for Berger Paints India Limited
By MusingTheNews
2025-05-30 20:26
Overall Technical outlook
Price Summary
Berger Paints India Limited's stock opened at 561.2 on 2025-05-30, surged to a high of 572.0, hit a low of 550.5, and closed up 1.27% at 568.3, with 466015 shares traded. The stock reached its highest price of 625.15 and its lowest price of 441.0 during the 52-week period. Analysts predict that the future price will fluctuate between 400.0 and 660.0, with the mean expected price being approximately 536.7619.
Technicals
Support and Resistance: At 568.3, the price is supported at 554.1 and faces resistance at 584.95. This range suggests that the price for BERGEPAINT might stay between these levels, with 554.1 acting as a floor and 584.95 as a ceiling. Support/Resistance for BERGEPAINT
Aroon: The AROON is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation. Aroon chart for Berger Paints India Limited
Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Bolinger Bands chart for Berger Paints India Limited
Parabolic SAR: The PSAR remains bearish, reinforcing a resistance level that could restrict any upward movement. This resistance indicates that the market may remain under bearish control, with limited potential for gains. Parabolic Stop and Reverse chart for Berger Paints India Limited
Stochastic: The STOCHASTIC is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Stochastic chart for Berger Paints India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are beginning to waver, indicating that this bearish momentum might be fading. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move. Tripple SMA chart for Berger Paints India Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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