Thursday, 11 July 2013

Chart Update: Asian Paint & Bank of Baroda

Asian Paint : 

Weekly Chart:

Daily Chart: 

 Weekly chart shows Asian paint bounced back from the lower support line of price channel and is currently challenging the recent downward trending red (Daily chart) price channel. Share closed above all the short term moving averages suggesting strong  uptrend. Break of 4890 will confirm the breakout of red channel. 

Buy above 4890 SL 4850 Target 4975 and 5050..

Bank of Baroda:

Weekly Chart: 

Daily Chart:

Weekly chart shows Bank of Baroda is taking support and holding in price channel since last 4 weeks. There is positive divergence on daily chart and today share has given breakout above (Pink Trend line) resistance line in daily charts.Today share has close above it 5 day ema. Break of 575 will add more strength to the counter. 

Buy Above 575 target 585 and 594.

So, plan your trade accordingly.

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Happy Trading. 


All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.

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