ASIANPAINTS @ 2940 LEVELS UPDATE
• Since last almost 2 years stock is running in small triangle and recently it's trying to move up from lower band of the triangle.
• Stock has recently posted a low of 2766 which makes it now very important level to watch for its new short to medium term direction.
• As long as stock remains above 2766 spot levels stock is now open for upside minimum 3585 to 4094 & maximum 4505 to 4917 projection in medium to long term.
• Whereas if stock manage to break and closes below 2766 spot levels than we may see more correction in the stock towards minimum 2200 to maximum 1450 to 1100 levels.
• SO UNDERSTAND THE IMPORTANCE OF 2766 SPOT LEVELS SUPPORT HERE & ACT ACCORDINGLY
• Since last almost 2 years stock is running in small triangle and recently it's trying to move up from lower band of the triangle.
• Stock has recently posted a low of 2766 which makes it now very important level to watch for its new short to medium term direction.
• As long as stock remains above 2766 spot levels stock is now open for upside minimum 3585 to 4094 & maximum 4505 to 4917 projection in medium to long term.
• Whereas if stock manage to break and closes below 2766 spot levels than we may see more correction in the stock towards minimum 2200 to maximum 1450 to 1100 levels.
• SO UNDERSTAND THE IMPORTANCE OF 2766 SPOT LEVELS SUPPORT HERE & ACT ACCORDINGLY
Trade like a pro and start getting profit and grow your balance with our accurate Bank Nifty Option Tips and we aim to trade less but trade accurately.
