Long

Buy Asian Paint

Updated

Asian Paint is in Bullish trend and after ralling from 2700 to 3568 it retraced around 3155 which is 50% fibonacci level and now again started moving in its trend direction. It is continuously moving up in last 5 sessions even though Nifty broader index is drifting down. Once can buy around 3310 with stop loss 3180 for target 3500

Note

Also it is giving Bolinger band breakout which indicates a strong rally in short term.

Devneel

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