As asian paint continue rising in such market also making all time high now most of positional trader don't know which position to take as per weekly chart view a closing below 1620 on week closing basis will take this share toward 1500 and 1450 so be cautious before taking long position
One more think which i notice is that rsi is moving toward over bought zone...
As axis continue taking support @640 which is also its main support if it's break then stock is moving toward 600 and 580 one more important thing it is also trading below it's 200 day ema and 50 day ema which make it short candidate its first resistance is 701 and r2 is 778
HUL a stock in fmcg is extraordinary performing in such volatile market and is also more volatile during this days on weekly chart that is as per long term view the stock is in continue uptrend and the same is trending above 50 day EMA and 200 day EMA though it take dip from above the trendline but the closing was above 5o day ema which make it more strong for...
