akc_trading

Will it go for new Higher High?

Long
NSE:ASIANPAINT   ASIAN PAINTS LTD
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.