Trade Setup - NSE GODREJPROP & ASIANPAINTS

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 3265 – 3307 – 3348. 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.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.