Asian paint looking good for shorting

18 במרץ 2022

after consistent up rally stock should take a pause between 3000 to 3200, I don't think stock could go up from here because its already been stretch a lot its been five days stock is going up And now fed report came and its slightly negative so my view is downward for some days until its beaks 3200 because here resistance on weekly chart I know crude prices are falling but that not how market should work right, commodities are different its take time commodities supply and demand gap can not fill in just week it takes time that is reason why prefer selling position in intraday btst for monday . FOR swing traders its great opportunity to add if its retrace to 200 ema and got support at 3000 u can add some qt to your account for long term the long term view of this stock is bullish as per its fundamental and past history chart analysis i think its better to avoid building new bullish position unless its retrace a little bit thank you

22 במרץ 2022

הערה

Flawless