red zone are PRZ zone where it will act as resistance and green zone is support zone Thanks
Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support. Place your stop loss level below the demand zone 2. The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book...
Berger Paints Spot CMP :- 735 Bearish Crab Pattern formation :- PRZ zone :- 726-738 levels. SLZ zone :- 760 levels 1.618 XA :- 726 level 2.618 BC :- 738 Elliot Wave Study :- Currently counter is trading in impulse wave 3 of impulse phase.. At the moment wave 3 have extension of 2% of wave 1 which is around 745 levels.. if wave 4 unfolds from this levels...
If stock reaches 720, It will fall down to 630 Range.