ASIAN PAINTS (Short Candidate) - May See 1240-1230-1220

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
Comment: As expected, Asian Paints Bounced from the Fibo Support.
Trade closed: target reached: Target 1 and Target 2 Achived.

Made low of 1220.45. Missing targets by 0.45 Points.

Hope it Helps.
Trade closed: target reached: All Target Achieved.
Nice one bro, Killer call.
prathamaggarwal trendizurfriend
@trendizurfriend, Thanks :)
Poor market sentiment!!!! anything can fall, you dont need chart for that
prathamaggarwal trendizurfriend
@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
+1 Reply
great sir ...i am big fan....
@Sujoyking, Thanks trader :)
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