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ParimalDevnath
Jul 5, 2018 2:27 PM

AsianPaints, Resistance  Long

ASIAN PAINTS LTDNSE

Description

AP at crucial resistance of 1340-- highest Call OI. It is also a Triple Top pattern. Crossing this will give a big breakout. Price took support at 50 DMA. Unable to take out the level of 1340 decisively, will correct and consolidate for sometime. Consumption theme. Covering this market leader since the bottom was formed. It is a buy on correction.
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