Berger Paints has target of Rs 112: Nooresh Mirani

Berger Paints has target of Rs 112, says Nooresh Mirani, AVP Technical of AMSEC Research.

Mirani told CNBC-TV18, "Berger Paints has been on a nice uptrend with a higher top - higher bottom formation and over the last few weeks it has been consolidation over the moving averages. Yesterday's move and the cross over give an indication that the stock may head up to the recent top of Rs 110-112 zones."
He further added, "Once it is able to cross Rs 112 level, the stock may end up at Rs 125 plus in the medium-term. The stock remains a good defensive bet in the current market scenario. My intraday target for the stock is Rs 112." Click HERE to know the rules and follow the score card