Reversed from 200 EMA, again took support of 50% Fibo and Holding at 0.618% with Bullish Hammer and 2090 is the target for Tuesday and it will be unstoppable after 2100. Google’s 33000 cr investment will be coming soon, bought 96% stake in Urban Ladder.
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Asian Paint has crucial Fibo 0.5 resistance at 1255. Can be shorted below 1255 for 1240-1230-1220. Also in case the share bounces from the resistance of 1255. Look to short around 1275.
Please consider the following reasons :
1. Trend Line
2. Bearish candle on Daily Chart
3. Double Top Formation
4. Poor market sentiment