Berger Paints India Ltd – Breakout from Falling Wedge Formation

Berger Paints India Ltd – Breakout from Falling Wedge Formation (SEBI Reg. INH000019886 | For Educational Purpose Only) 🔹 Technical View: Berger Paints has given a decisive breakout from a prolonged falling wedge pattern on the daily chart, backed by strong volume and momentum. The price has reclaimed its 20, 50 & 100 EMA zones, signaling renewed trend strength. Pattern: Falling Wedge Breakout CMP: ₹578 Resistance Zone: ₹585–₹590 Immediate Support: ₹528 Next Targets: ₹640 / ₹780 Volume expansion along with RSI crossing 60 confirms a fresh bullish momentum after a long base-building phase. 🔹 Fundamental Snapshot: Berger Paints, one of India’s leading paint manufacturers, continues to benefit from: Strong decorative segment growth and rural demand recovery Margin improvement driven by easing raw material costs (crude derivatives) Healthy revenue CAGR of ~11% over last 3 years ROE ~22% and manageable debt levels Overall, technically & fundamentally aligned breakout indicating potential trend reversal from long-term consolidation.