Stock has closed with good volumes and good momentum and managed to close above Fibonacci No which is 61.8 one can look to buy abv 2405 sl 2220 tgt 2550.
Disclaimer: I am not SEBI registered Analyst Kindly consult your financial Advisor before taking any trading decisions.
Asian paints Looks like bottoming out.
ADX about to get a positive divergence and already fell from 50 level
RSI above 50
BUY on dips with a SL of 2770, for the target of 3040 and 3230
CHART & ANALYSIS
ADARSH DEY
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1. RSI oversold and made higher high while on the line chart there was lower low that means trend is going to change
2. for perfect entry i waited for downtrend to reverse by initiating the trade after trendline break with volume and it is now the same
3. 1st Targets are mentioned as per longterm trenline & 2nd target is based on resistance
DON'T forget to...
