AsianPaint Bullish MomentumHere I am Sharing the technical analysis of Asian Paints. As you can see that the price is at life time high so I've used trend based Fib Extension Tool to find out the levels up to where the price can reach or from where the price can resist in the open Sky.
The Price has been trading in a channel and it has resisted the upper trend line of the channel and from the 78% level of fib extension as well. RSI seems to be rising and building the momentum and Stochastic RSI has given the positive signal as well.
One can buy Asian Paints for level of 100% i.e. 3644.05 if the price consolidates near to the 78% level or breaks through the level and the trend line.
Note: This is just for Educational Purpose. Before entering the trade please consult with your Advisor.
