AB = CD Ext @ 1.618 Trend based Fibo extension level matching exactly with D point of pattern. RSI also above 70... so shorting possible from D point...
Simple Nifty analysis of MONTHLY Time Frame Need to see where it goes... At current levels there is resistance but this month's low is a support also... Shows a try of sustenance above the broken larger channel .... Need to see if it will be able to sustain... Because RSI also showing divergence.
Has broken out of a downwards channel which is within another downwards channel. Broken with volume also.. Need to see if it can break out of the bigger channel and sustain the upwards movement for resistances marked in yellow.
Support Resistance levels marked. Price so far is moving in a downwards channel with CMP now near upper band of channel. Wait to see if it breaks OUT and SUSTAINS (RETESTS) or breaks DOWN...
30 mins TF Wedge breakout expected on upside. SR to be used as targets or SL.
Curve pattern. Should move downwards. If breaks current resistance level, short term moves are marked with support levels for complete target of arc. Fibo levels also plotted
Updated view --- Will Asian Paints manage to break the resistance and breach its All Time High also ?? Let's wait and watch...
Updated view. 60 mins TF showing channel (downwards movement) and stock moving within that channel. Need to see on breakout. or reversal.
Current CMP is at strong support turned resistance. Support levels at 373 / 367 If manages to break current CMP upwards and maintains, then targets marked in blue are possible Targets - 400 / 407 / 418 / 425 / 436