ASIANPAINT
stock near demand zone and also near 200 EMA. From this level we can expect a reversal, if this zone break then we can see a huge downfall. On RSI stock is also all time support zone from the last 25 year from this zone we can witness the reversal on the RSI indicator, so on RSI we can also expect reversal from the upcoming months.
After Quarterly result we can expect upside movement in stock(only if it sustain above demand zone and give the strong closing above the mentioned zone)
This stock had a tendency it always the break the support zone(always Hit the SL) and after that gives the strong reversal so even now we can expect the same behavior.
Trade ist aktiv:
must add in your watchlist...stock is ready to become rocket from this zone