On the “Asian Paints”, we have seen buyers and spike up but now this stock is trading at “EXCESS”. The excess area is high probability to act buy or sell. In this case, this stock is created an excess at value high which means we can start selling. Another sign and a good thing for selling is TAIL found on the top.
- The price is trading at Value high.
- Created TAIL on the top of the channel area.
- Already seen buyers as FII, Smart Money, Fund-Managers etc. whatever you call them.
Conclusion: We are going to see PROFIT booking on this stock.
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asian paint will continue its upward breakout to the target of 1640 and more before correction. I have my chart, i couldnot copy paste as your systerm is not allowing me to do.