Asian Paint is in Bullish trend and after ralling from 2700 to 3568 it retraced around 3155 which is 50% fibonacci level and now again started moving in its trend direction. It is continuously moving up in last 5 sessions even though Nifty broader index is drifting down. Once can buy around 3310 with stop loss 3180 for target 3500
Commentaire:
Also it is giving Bolinger band breakout which indicates a strong rally in short term.