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(BERGEPAINT) Berger Paints complete technical analysis [charts+indicators] | Buy/Sell Berger Paints | (BERGEPAINT) share price targets

Complete technical analysis of Berger Paints (BERGEPAINT) by charts plus indicators, forecast predictions and share price targets for Berger Paints (BERGEPAINT)

10 day averaged volume of Berger Paints is 1484539

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 491.85 490.00 493.70 485.55 0.838 times
16 Thu May 2024 490.00 487.00 492.00 484.25 1.156 times
15 Wed May 2024 485.10 494.00 494.00 480.10 2.202 times
14 Tue May 2024 494.55 499.40 499.40 490.20 0.643 times
13 Mon May 2024 495.75 492.70 496.85 486.20 0.771 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 491.3 as stoploss in an intra day buy trade for a target of 502.29. However, stock will show a bearish move below 491.3.

Share price targets for Berger Paints (BERGEPAINT)

Target Type Value
Downside Target 478.00
Upside Target 499.40
Upside Target 516.00
Upside Target 526.90
Upside Target 542.25
Upside Target 542.55
Upside Target 543.45
Upside Target 552.55
Upside Target 574.00
Upside Target 603.80
Upside Target 609.00
Upside Target 620.60

Intraday share price targets for Berger Paints (BERGEPAINT)

Target Type Value
Downside Intraday Target 481.5
Downside Intraday Target 471.15
Upside Intraday Target 500.8
Upside Intraday Target 509.75
Downside Intraday Target 490.45

Weekly technical analysis of Berger Paints (BERGEPAINT)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 491.85 492.70 499.40 480.10 1.278 times
10 Fri May 2024 490.25 527.75 527.75 478.00 1.363 times
03 Fri May 2024 523.25 507.80 526.90 503.05 0.905 times
26 Fri Apr 2024 503.10 510.00 516.00 501.55 1.237 times
19 Fri Apr 2024 504.55 548.10 552.55 500.70 3.267 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Berger Paints (BERGEPAINT)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 491.85 511.05 527.75 478.00 1.108 times
30 Tue Apr 2024 508.55 570.00 574.00 500.70 0.858 times
28 Thu Mar 2024 573.05 589.30 603.80 542.25 0.635 times
29 Thu Feb 2024 606.70 565.55 620.60 543.45 1.71 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Berger Paints (BERGEPAINT)

Indicator Name Indicator Value Indicator Signal
ADX 12, 30, 44 Sell
MACD -27, -27Sell
Stochastics 22Sell
CCI -43Buy
RSI 38Sell
OBV -1239192Sell
VWAP 492Buy
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Berger Paints ( (BERGEPAINT) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Berger Paints ( (BERGEPAINT) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Berger Paints ( (BERGEPAINT) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Berger Paints ( (BERGEPAINT) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Berger Paints stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Berger Paints in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Berger Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Berger Paints in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Berger Paints is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 491.81 and Berger Paints (BERGEPAINT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Berger Paints (BERGEPAINT) stock. Volume based technical analysis of Berger Paints (BERGEPAINT) stock is negative.

Berger Paints Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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