Berger Paints: Classic Symmetrical Traingle with Bollinger Bands

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Berger Paints Anticipated on 5th August 2019

In the daily chart, prices are moving up by closing above its previous day high especially after making a low near 300 levels. Currently it is consolidating above the falling trend line which is a positive sign.
The stock was moving in a symmetrical triangle pattern in which price has given a bullish break along with it Bollinger bands is been used which has also started expanding giving an indication that prices are now headed for the next up move.
From wave perspective, the stock have completed wave b at 300 levels in a form of symmetrical triangle and is now moving higher in wave c which is impulsive in nature. Currently prices are consolidating within 330-340 levels.
The summation is, the stock is positively poised and can move higher till ... levels as far as ... is protected down on.....

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