Hovering near a very important support zone. Make or Break

22 בנוב׳ 2019

The stock has witnessed sell off during past few weeks. Currently the stock is at an very important support level – 1670. A move down from this level will not be a good sign for the buyers and the stock may fall down further and test 1560 levels. The RSI is just at the support levels, a pull back here has to be monitored and seen for bullish continuation signals. In short Asian Paints is at a Make or Break level.