NSE GODREJPROP – Elliott Wave Projection
Breakout – NSE ASIANPAINT Surpasses Resistance at 3241
NSE ASIANPAINT has successfully breached the resistance level of 3241, indicating a potential breakout. The current trading price is above the 200–day Exponential Moving Average (EMA), suggesting a bullish trend. The Relative Strength Index (RSI) stands at 70.29, further supporting the bullish sentiment in the market.
To capitalize on this breakout, traders may consider buying if the price sustains above 3235. The suggested target levels for this trade are . These targets are based on a specialist breakout method, which aims to confirm the validity of the breakout. To manage risk, the invalidation level for this trade is set at 3203.
Further updates and information regarding this trade will be provided soon.