BERGEPAINT - Challenging the Market leadership
One of the space that has market monopoly is paints stock which is led by ASIANPAINT and BERGEPAINT
This BERGEPAINT is consolidating since 2021. A long consolidation for a multibagger which has grown 10X over years
Recent consolidation is healthy and may be a point where it starts next bullish rally.
The upside resistance of triangle pattern is at 604, which it should retest
Downside bottom is placed at 440 - 450.
All in all, if one is eager to add Paint stocks in portfolio, it is BERGEPAINT
#WatchOutFor#TechnicalViews#SectorBreakouts#TrendingSectors

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