anshuman_05
Short

Asian Paints Breakdown, sell on rally to 890 levels

NSE:ASIANPAINT   ASIAN PAINTS LTD INR1
Counter has broken 200 DMA convincingly, along with major support zones. These will now start acting as major resistance. With the overall bearish sentiment persisting in the market the counter could further weaken to 800             levels. The short sell should be initiated only on a pull back to ensure decent risk/reward ratio can be achieved.
Comment: the stock has corrected from the 890 levels, trading at 883 now, we can take partial profits, or even close the position once. Lower levels are still likely, we can initiate fresh sell again after expiry
India
United States
United Kingdom
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out