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Asianpaintprediction

ASIANPAINT--Demand zone@3050 ??Observations:: ---------->> The stock is trending upwards in daily time frame. ---------->> now facing resistance in the zone @3160 level, which is a previous resistance. ----------->> we have a demand zone placed @3050 level, which will act as a support again. Keep watch this level, if failed to act as support sell for the downside demand zone placed @ 2970 level. ----------->> Buy at 3050 level for the target of 3160 and 3240 levels. Keep your stop loss below the 3020 level. the previous support @3050 again acts as a support. ------------------------------------------------------------------------------------------------- In 15 min time frame the stock is coming to the downside with consolidation from resistance, which is clearly a sign of bullishness from demand zone.
NSE:ASIANPAINTLong
by IIT-Trader