Berger: Time to Paint it Red

25 янв. 2021 г.

With Grasim's decision to enter the paint segment and intensify competition, may be some investors are taking prudent decision to book healthy gains made over last few years. Stock has technically given a breakdown from a double top pattern and broken below 21 EMA. A test of 55 SMA is on cards. Let's see if it takes support there or make an eventual move towards 200 SMA also