short
redlines indicating major support and resistance levels and blue line indicating a major downtrend line if currently the market is in a major trendline resistance if confirmation comes by candlesticks in daily we can go for short selling
Note
asian paints has changed trend there is a good breakout of the upper trendline with good amount of volume indicating trend reversal we can go for buy ( lesson learnt market needs to be continously monitored and try to adapt with the market )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.