Hypothetical Example Based on Asian Paints (ASIANPAINT): Let’s assume that we're analyzing the stock chart for Asian Paints (as of the latest available data). Below are example levels Hypothetical Example Based on Asian Paints (ASIANPAINT): Let’s assume that we're analyzing the stock chart for Asian Paints (as of the latest available data). Below are example levels based on a typical technical analysis approach. Keep in mind that this is a general method, and real-time data might differ.
Support Levels: ₹3,200 - ₹3,300 (Strong Support):
If Asian Paints has been bouncing off this level several times over the past few months or weeks, this could be a strong support zone. A break below this level could indicate a bearish trend. ₹3,000 (Psychological Support):
Round numbers like ₹3,000 often act as psychological support levels. Traders might expect buyers to step in if the stock falls towards this price. ₹2,800 (Previous Low):
Previous lows often act as significant support levels. If the price tested ₹2,800 previously and bounced higher, it might act as support again. Resistance Levels: ₹3,600 - ₹3,700 (Previous High): based on a typical technical analysis approach. Keep in mind that this is a general method, and real-time data might differ.
Support Levels: ₹3,200 - ₹3,300 (Strong Support):
If Asian Paints has been bouncing off this level several times over the past few months or weeks, this could be a strong support zone. A break below this level could indicate a bearish trend. ₹3,000 (Psychological Support):
Round numbers like ₹3,000 often act as psychological support levels. Traders might expect buyers to step in if the stock falls towards this price. ₹2,800 (Previous Low):
Previous lows often act as significant support levels. If the price tested ₹2,800 previously and bounced higher, it might act as support again. Resistance Levels: ₹3,600 - ₹3,700 (Previous High):
Adaniports Ltd view for Intraday 11th Dec #ADANIPORTS Resistance 1260 Watching above 1265 for upside movement ... Support area 1230 Below 1250 ignoring upside momentum for intraday Support 1230 Watching below 1228 or downside movement ... Resistance area 1260Above 1240-1242 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks
Adaniports Ltd view for Intraday 12th September #ADANIPORTS Buying may witness above 1453 Support area 1430. Below ignoring buying momentum for intraday Selling may witness below 1411 Resistance area 1430 Above ignoring selling momentum for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level.