asian paints

hello Friends,want to share my analysis on asian paint

oct month high 3368.35 and oct & Nov 2022 month low 3033

marked Fibbo from top 3368.35 to low price 3033 so .51 % is on 3200

this week candled formed bullish and in daily chart price taken rejection from ema 20(3117.68)

level 3033 is important down side because tested multiple times and level 3200(.51 %) is also tested once on 07th november ,last day high was 3114.85 as a intraday trader keep an close eye on this stock, probability of reversal as per my analysis!! thanks do revert if i done something wrong, you feedback will be good for me!!! thanks

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The market seems to be consolidate at this part of the time. If crosses above ₹3200, we can see a bullish view till ₹3500. If the price close below ₹3,000 then we can see a good sharp fall till 2850 - 2500. This is my view on this script on a daily candle basis.

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Thank you

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Thank you

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