Saturday, May 12, 2012

Eagle Eye Analysis : ASIANPAINT Breaks Down Rising Channel

Eagle Eye Analysis : Breaks Down Rising Channel
The stock price of ASIANPAINT has form a rising channel. on 11th may it breaks down and close below the channel.A key support target immediately to the downside on this channel breakdown resides around 3460 -3400 levels, on higher side key resistance within the context of the current bearishness now resides around the 3690 level.
Note:Trade with stoploss

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