Buy Berger Paints in Rs 105-107 range: Rajesh Jain

Buy Berger Paints in Rs 105-107 range, says Rajesh Jain, EVP Reatail Research of Religare Sec.

Jain told CNBC-TV18, "Berger Paints has formed an inverted head and shoulder on the daily chart, which is bullish in nature. Now it is on the verge of breakout from the same. Volume is also very high in last 2 sessions which only goes to show that there is a lot of strength in the stock."
He further added, "If it goes above Rs 112 levels it can show good momentum. One can buy the stock in the range of Rs 105-107 with a closing stop loss of Rs 100 with much higher targets of Rs 124 plus in coming days."