MTECHTIPS:- ASIANPAINT

MTECHTIPS:- ASIANPAINT :- ASIANPAINT closed above 1 week high with volume signals up breakoutCurrently ASIANPAINT is in HOLD LONG position Share is in sideways and sellers was at high so for short term better buy above 1272.2 or hold with stop at 1190.0 The next resistance will be at 1259.95 The ASIANPAINT is now trading is approaching overbought level. The ASIANPAINT is now trading is approaching overbought level. The oscillator is on SELL signal and share is coming down from overbought level.The short term buy signal is supported by 63
Intraday trend-Buy is advised only above 1272.2 with a stop at 1247.2 Below 1240.6 go for sell and put stop at 1265.5 The intraday signal is BUY and it is supported by 78 % indicators.
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