Asian Paint has crucial Fibo 0.5 resistance at 1255. Can be shorted below 1255 for 1240-1230-1220. Also in case the share bounces from the resistance of 1255. Look to short around 1275.
Please consider the following reasons : 1. Trend Line 2. Bearish candle on Daily Chart 3. Double Top Formation 4. Poor market sentiment
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As expected, Asian Paints Bounced from the Fibo Support.
トレード終了: 利益確定目標に到達
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Target 1 and Target 2 Achived.
Made low of 1220.45. Missing targets by 0.45 Points.
Poor market sentiment!!!! anything can fall, you dont need chart for that
prathamaggarwal
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@trendizurfriend, How long it takes for sentiment to change? Just a single announcement from Govt!. Then the above 3 points you ignored will come to your rescue. :P