Asian paint tech indic bear below 870 SL925 TARGET 780

[V.VEDANAYAGAM]

ASIAN paints bearish engulfing is ENHANCED by RSI and 14 daySMA
SMA is below the CMP hence the down trend of the scrip can be expected
RSI shows near the OVER BOUGHT zone .So the down trend of the scrip can be expected
Hence both SMA and RSI enhances the bearish engulfing of the scrip
TRADE PLAN ASIAN PAINTS SHORT ENTRY 870
STOP LOSS 925(RISK 55)
TARGET 780(REWARD 90 )

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