Stocks of the similar kind move together. Berger Paints stock has made a big breakout move. Here are two stocks of similar types with similar patterns.
This is what Berger Paints stock has done after breakout
Source: Chartalert.com
Berger Paints stock has made a vertical breakout move. Here are two stocks of similar types who can follow Berger Paints.
# 1 – Nerolac Paints
Source: Chartalert.com
Nerolac Paints stock has cleared the resistance of 490. It has another hurdle of 530 and once the stock clears that, it will be clear sky for the stock.
# 2 – Akzo Nobel India
Source: Chartalert.com
Akzo Nobel stock had been struggling to clear 1820-1840 levels for some time. But now since the stock has cleared the levels, it can surprise on the upside. The best part – stock broke out, pulled back and has bounced again
The ideas discussed here are purely for educational purposes.