ASIANPAINT weekly chart
RSI & MACD showing strength, price action is very bullish with big marubozu candle
If momentum continues , the stock may head towards 3670-4550 region as shown by fibonacci extension in medium term if sustains above 3350
3 months of Consolidation Breaout , if supported with good volumes Stock is ready to give Breakout and good participant for Rally
RS : positive
RSI : positive
MACD : Positive
Staying Above 315 can give Breakout in the stock
Idea is to find cinfirmation from the Indicators for Trading ,
Indicators mentioned above in the title show us clearly about the Breakout happening in the stock, Note : these indicators also gives us a idea about where the stock is how it will react in near future.
RSI : RSI nifty give us clear indication where stock is heading with its strength visa vis Nifty...