Despite the weak market conditions we have a few stocks which are outperforming the markets. Berger Paints is one of them. With new highs we have clear skies ahead for the counter.
- New All Time Highs
- Breakout from an ascending triangle which in this case is a continution pattern.
- High Volumes accompanying the breakout on the upside
The Breakout having occured on a weekly time frame has a lot of significance. From a technical perspective we expect the stock to continue its journey northwards over the next few weeks and months.