ASIAN PAINTS POSSIBLE DOUBLE TOP

23 Mar 2023

Confluence of AVWAP drawn from March 2020 lows, 200 WMA and previous swing low made in June 2022 provides a strong support at 2500- 2550 levels. Breach of these levels gives a pattern target is 1500 levels. If the stock is able to hold 2500 level then we may expect sideways movement till either side is taken out convincingly.