ASIAN PAINTS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving in a up channel formation , will be favored by bulls, further strength expecting once ASIAN PAINTS closes above 650. (Updated on 08th September 2014, Monday).

ASIAN PAINTS

• As per previous report published on ASIAN PAINTS, stock failed to closes below 605, made an intraday low @ 603 and stock bounced back. (Click here to see previous report published on ASIAN PAINTS).
• Now daily chart indicates that Asian Paints is on bull run from 603 its support , as shown in stock analysis chart no1, this will actually favor bulls to take price further up.
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• As per technical chart no2, Asian Paints is now finding strong trend line resistance around 650, once stock closes above 650 and holds above its resistance it will be favored by bulls for next few trading days.
• Intraday tips - Close watch once stock starts trading above 650 during market hours if holds above 650 then intraday bulls action is expecting.
• As per graph no3, Asian Paints is moving in a up channel formation, this indicates as long as stock in moving in a channel pattern bull will be active in this stock , but once stock breaks it pattern on down side then bears may get active and some weakness can be seen.
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• Accoding to chart no4, if stock moved up from current levels and if it closes above 650 then Asian Paints will find next strong resistance around 677 its 161.8% fibonacci retracement. Close Watch. Chart also indicates that volumes are increasing with increasing price this means bulls are very much taking interest in Asian Paints. 
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