A short position could have been made on 29th January 2015 on ASIANPAINT. A bullish rally was broken by a bear candle with a good volume. The day opened higher than previous day close and had a higher high compared to the previous day bull candlestick, but still managed to close lower than the previous day close with a high volume marking the beginning of the upcoming bearish trend.
Bearish Engulfing-ASIANPAINT
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Stock Analysis
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Bullish View
Bearish View
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