asianpaints meets the criteria of NR4 & NR7 on daily candle stick chart.increase in OI 1880ce, 1900 ce and decrease in OI 1860pe confirms the sign of reversal.sell near 1875 to 1880 zone sl above 1900 tgt 1855 -1845- 1839 till expiry
formation of head and shoulder pattern in 30 mins candle chart which indicates the trend to reverse.fresh shorts built up in futures also confirms that trend is going to reverse. one can sell below the neck line that is 389 ,tgt 387-385.9 - 381. sl 395.5 for inraday
fprmation of tripple top in axis daily candle chart . globalmarket closed red on friday keeping this inview one can short axisbank below trendline that is 745 level for intrady 740.5 -735 sl above 750.
with formation of two shooting star in a row indicates selling pressure is near 7200 / 7215. or we can say tested twice the 50 EMA level (7202) and is near the bottom of the channel. it might touch that bottom of the bearish flag pattern beore its result which is on 28th jan key support levels 7053 and 6996
acc has given a bullish pennant break out confirmed on daily charts with Three White Soldiers pattern (which is highly reliable )and sustained above 200 SMA (1547) and 200 EMA (1516) .hoping for the target 1589 then 1618