Friday, September 25, 2015

TECHNICAL ANALYSIS OF ASIANPAINT & DAILY CHART

FUTURE :
 “BULLISH ASIANPAINT ABOVE 810 TGT  820/835” 
“BEARISH ASIANPAINT BELOW 800 TGT 790/775”
DAILY CHAT FOR ASIANPAINT
After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of  as the stock is managing to sustain above the level of 820. One may get the targets of 830/850.
DAILY & WEEKLY SUPPORT AND RESISTANCE FOR ASIANPAINT

ASIANPAINT levels generated based on 2015-09-24 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Level
841
828
821
816
811
806
801
796
792
784
772
ASIANPAINT Weekly levels generated for the week starting from 2015-09-21
Weekly
R3
R2
R1
REV
BULL
LOC
BEAR
REV
S1
S2
S3
Levels
879
863
853
841
838
835
831
828
816
806
796
SIMPLE MOVING AVERAGES
Days
BSE
NSE
30
839.96
840.15
50
850.43
850.78
150
807.79
807.98
200
806.34
806.47

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