This stock trades with good volumes on the bourses in the higher time frames. Similarly, it is in the oversold zones of oscillators in higher time frames. The 52W H/L being INR 3,568 / 2,694 It is consistently making Higher Highs and Higher Lows It is standing right at the support level of INR 2925 and we expect it to bounce back from this support to make a new...
Observations:: Trending upwards... facing resistance in the zone, 3120 if failed to break this level and falls below , trendline and 3080 level will go for selling up to 2960 and 2920 levels. If price take the help of 3080 level and break 3120 level we go buying target of 3200 levels.
Observations:: ---------->> The stock is trending upwards in daily time frame. ---------->> now facing resistance in the zone @3160 level, which is a previous resistance. ----------->> we have a demand zone placed @3050 level, which will act as a support again. Keep watch this level, if failed to act as support sell for the downside demand zone placed @ 2970...
Observations: ------->> Asianpaints is trending upwards strongly. -------->> Previous Support at 3020-3030 level , If this level acts as resistance price may fall. -------->> careful at this level before going long from here. -------->> Recently price breaks an untested supply zone at 2950-2955 range, if this level acts as support and price breaks...
Stay Long above - 3392, T1 - 3562, T2 - 3678, T3 - 3795, T4 - 4000...... SL - 3350 Short Below - 3340, T1 - 3245.20, T2 - 3114, T3 - 3014, T4 - 2953...... SL - 3392.60
As of 23 February ASIANPAINT closed at 3237. If you look at the chart the stock is trading above the TRENDLINE. There is small RESISTANCE area between the price of 3262-3282.If it consolidate between the TRENDLINE and the RESISTANCE area for next 2-3 days then after that it can give a UP side momentum. NOTE- ENTRY-3190-3264 STOPLOSS- 2980 1st TARGET- 3470...