Lets See:
Asian Paints:
Asian Paints is looking very good on charts and slowly breaching its immediate hurdles and may form new highs among volatile market.
CMP 1418
Immediate Support at 1370--1335
Immediate Resistance at 1140--1460
RSI of 60 and increasing also indicate that stock may soon enter into overbought territory and we may see more upside if mentioned resistance levels are breached successfully and sustained for upcoming consecutive session.
MACD of Positive 9.61 also indicate that a positive trend is imminent in stock and we may see it to continue.
200 DMA of 1370 could act as a positional support for going long.
Entry Zone: 1420--1140
Stop Loss 1370
Target 1500--1525
Use Averaging techniques to make fruitful positions for high long term return potential.
MORE WILL UPDATE SOON!!
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