BERGEPAINT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.6

Here’s a detailed technical analysis of BERGEPAINT (Berger Paints India Ltd)

📊 Trend Overview

Current Trend: Sideways to mildly bearish

Status: The stock is currently consolidating, with price action hovering between key moving averages and momentum indicators showing weakness.

📈 Moving Averages

DMA 50: ₹547

DMA 200: ₹540

Current Price: ₹536

🔹 Price is below both 50-DMA and 200-DMA, indicating short-term weakness. The 200-DMA is acting as immediate resistance.

📉 Momentum Indicators

RSI (14-day): 45.7 — Neutral zone, leaning bearish. No strong momentum.

MACD: -3.41 — Bearish crossover, suggesting downward pressure.

Volume: 5.09 lakh vs 1-week avg of 5.05 lakh — Flat volume, indicating lack of conviction.

📊 Bollinger Bands

Price is near the middle band, suggesting low volatility and indecision. No breakout or breakdown signal currently.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 520 Recent bounce zone

Support 2 500 Psychological level

Resistance 1 547 50-DMA, immediate resistance

Resistance 2 560 Previous swing high

Resistance 3 585–600 Medium-term target if momentum improves

🎯 Entry & Exit Zones

Optimal Entry: ₹520–₹530 range on pullback with volume confirmation.

Exit Zone: ₹547–₹560 for short-term traders; ₹585+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bearish, RSI weak, and price below key averages suggest limited upside unless momentum improves.

Consolidation phase may continue unless price breaks above ₹547 with volume support.

🧭 Summary

Trend: Consolidating with bearish undertone

Momentum: Weak; MACD and RSI signal caution

Technical Rating: 3.6 — Neutral to mildly bearish setup with potential if price reclaims 50-DMA

Would you like a comparison with peers like Asian Paints or Kansai Nerolac to assess sector rotation?

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