ASIAN PAINTS TRADE SETUP
Just a personal view. Not a recommendation. Levels below are approx and not exact.
1335/1330-1290/1285 is a range to play. If sustains the top rectangle in red, i.e around 1337, then 1350/1360 possible. so bigger range can be 1360-1285. Trend change to bullish only if sustains resistance in green trend line.Trend bearish continues if fails to hold the support in green trend line. Also if moving averages are considered, 20EMA/50EMA crossover already seen (green/pink). currently price taking resistance at 100 EMA.
1335/1330-1290/1285 is a range to play. If sustains the top rectangle in red, i.e around 1337, then 1350/1360 possible. so bigger range can be 1360-1285. Trend change to bullish only if sustains resistance in green trend line.Trend bearish continues if fails to hold the support in green trend line. Also if moving averages are considered, 20EMA/50EMA crossover already seen (green/pink). currently price taking resistance at 100 EMA.
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