Hi, Asian paints is at a very good point and multiple factors supporting a pullback including RSI & Bollinger bands and stock is already trading above 200 EMA, It seems to be the right time to go long
Bajaj finance is trending downwards however, there is a strong support @4774 if this support is breached it may retest 4000 level before it moves upward again. There is also a descending triangle pattern which makes the chances of a downfall more than an upward trend. Any suggestion is welcome.
TRENDLINE BREAK & Also trading below 50 & 200 days ema on 30 minutes time frame, Possible resistance level marked. All suggestions are welcome. Thankyou
It seems HDFC AMC will take a support from 200 days EMA and will continue in the up trend as it recently broke it's trend line and was trading in an upward direction and current scenario shows a possible pullback before it continues it's uptrend. If anyone has any opinion kindly share.
Reliance seems to be trapped in a triangle pattern and as the consolidation is getting tight we can expect breach of levels soon.