Asian paint after giving us a sell signal near 1675 with a fall of nearly 257 points is now looking for a short covering and looks good to buy above 1580 for minimum 4-5% move as 1620 will act as a strong resistance zone .
buying above 1580 triggered in our channel we have intraday traders have booked profits at 1600 positional traders till holding.
in such a big fall asian paints is holding the fort strongly
Trade closed manually:
we have booked at 1610 almost 30 points in this falling market