ASIAN PAINTS LTDLong
Will it go for new Higher High?
Verdict:
Bounced back from fib retracement level
& formed bullish divergence. But note,
unable to cross 1425 level
OI Analysis:
New longs are added today.
If moves up tomorrow then
it will be fueled by strong short covering
Options Analysis:
Huge addition of OI @ 1440CE. This is only
thing which is indicating bearishness, all
other indicates towards bullish behavior.
If I were to guess then my guess will be
fall a bit in first half and then recover
to head up north.
Bounced back from fib retracement level
& formed bullish divergence. But note,
unable to cross 1425 level
OI Analysis:
New longs are added today.
If moves up tomorrow then
it will be fueled by strong short covering
Options Analysis:
Huge addition of OI @ 1440CE. This is only
thing which is indicating bearishness, all
other indicates towards bullish behavior.
If I were to guess then my guess will be
fall a bit in first half and then recover
to head up north.
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