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Asianpaints

ASIANPAINT going to 1496 to 1490 following a trendlineASIANPAINT is moving to 1496 in a trendline , it is near it's support if you fin it breaks that support andi think there is high chance for that and so it will move to 1496 and i think it should go lower before any upward movement so it is a good position for short selling technical indecators are also showing bearish signal EVEN THOUGH I WON'T SUGGEST TO DO INTRADAY BECAUSE AISANPAINT IS GOING TO ANNOUNCE THEIR EARNING SO MOVEMENT OF PRICE CAN BE INFLUENCED please tell me if you find any error and suggest me stocks that i should analyse
NSE:ASIANPAINTShort
by RoyRishu
Asian Paint: In Heavy Supply ZoneThe stock has been confronting with a heavy selling pressure near 1820 zone since September 2019. I can clearly observe 3 to 4 million share prints around this level. Even the March 2020 fall began with a 6 million print in the same zone. Currently the stock has been testing the 1820 zone and again there is a 3.7 million share print. This observation has been signalling a correction or a pause at this level as the supply is still huge. There are a couple of rejections on the daily chart but lower time frames are yet to confirm weakness. If the weakness confirms, we may see 1700-1720 levels in the coming weeks. All views are personal. Do like and comment. Regards JJSingh
NSE:ASIANPAINTShort
by Bravetotrade
8