Asian Paints has bounced from 200 EMA on a Weekly Time Frame (2788). Now at 2853. It is possible that stock could head towards 2900, 3000, 3100, and 3200 in the next few months. View invalid below 2776 level.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any...
A perfect reversal with good volume
Took Support 200EMA
Golden Crossover seen
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Disclaimer - All information on this page is for
educationaland learning purpose only.
Ajmera reality to take a long entry between 345-349 for the target price between 390-400 with SL 320. Good risk to reward trade. The logic behind trade..
1) 200 EMA Support level from the entry level.
2) Bullish candle at the support level.
3) volume build-up
4) V shape recovery in RSI
This is for your educational purpose only.
Please Refer the Chart of Entry, Target and SL.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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High volume spike indication of uptrend if 66 breaks
200 EMA support on Daily Basis and Indication of uptrend - EMA strategy
This chart is only for educational purpose do your own research before taking any trade
Usually 200 ema plays as a strong Support or resistance level, considering where it is positioned from current price levels.
If further downside has to be seen on charts, prices may take a pause or a bounce back from 200 ema on Daily.
very low risk reward setup for long
RSI oversold zone getting absorb
JSW energy getting support at 200dema and also box support from long time
just keep sl below box or as per your risk management it can go till ATH