Asian paints spot cmp 2220
Deep crab pattern formation, bearish
PRZ around 2215 to 2240
Pattern violation above 2260 on closing basis
counter is trading around trend line resistance of rising channel pattern
price is making higher high and RSI is making lower high, bearish divergence
Good short candidate
Down side levels of 2121,,2060,,2010 possible
Deep crab pattern formation, bearish
PRZ around 2215 to 2240
Pattern violation above 2260 on closing basis
counter is trading around trend line resistance of rising channel pattern
price is making higher high and RSI is making lower high, bearish divergence
Good short candidate
Down side levels of 2121,,2060,,2010 possible
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Asian paints from 2240 to 2160,, keep booking or trailing as per comfort