Asian paints had traded in a narrow range whole day after a initial up move.
On a daily anaylsis, the stock has broken its both crucial moving averages with a nice volume confirmation and can remain in green.
It has been taking resistance from its 4 hour 200 ema and has formed a doji in the end.
Immediate resistance are the high the points from where it retraced on a 15 minute time frame i.e. 3116, 3125
Once both the levels are crossed it can touch the target of 3160.
Support :- 3100,3072
Resistance :- 3108, 3120, 3160
It has formed a flag and pole pattern on hourly time frame.
Wait for the levels to break the range and watch for the price action before entering the markets.
On a daily anaylsis, the stock has broken its both crucial moving averages with a nice volume confirmation and can remain in green.
It has been taking resistance from its 4 hour 200 ema and has formed a doji in the end.
Immediate resistance are the high the points from where it retraced on a 15 minute time frame i.e. 3116, 3125
Once both the levels are crossed it can touch the target of 3160.
Support :- 3100,3072
Resistance :- 3108, 3120, 3160
It has formed a flag and pole pattern on hourly time frame.
Wait for the levels to break the range and watch for the price action before entering the markets.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.