ASIAN PAINTS
- As per previous report published on ASIAN PAINTS stock gave a sharp up move after breaking its resistance @ 605 and stock made a high around 650 after that. (Click here to see previous report published on ASIAN PAINTS).
- As per graph no 1 technical indicates that Asian paints share facing strong support around 605 its fibonacci fan and fibonacci retracement, close watch if share failed to move up and closes and stays below 605 then further weakness expecting for next 1-2 trading days and share will find next support around 598 its golden ratio support.
- Intraday close watch once stock starts trading below 605 , if holds below during market hours then intraday weakness is expecting.
- Suggested Reading - RELIANCE CAPITAL facing strong support at current level, weakness expecting if share close below.
- As per graph no2 Asian paints is coming down from strong trend line resistance and now facing strong trend line support, if breaks it with volumes then we can see some bears action.
- As per graph no3, Stock is also facing 50 days moving average support zone, if starts trading below its 50 DMA then it indicates weakness in Asian Paints. Close Watch.
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