ASIANPAINT - chart - 361136
Very Good Time To Buy Asian Paints, For Swing Trading Purposes,
Prices Bouncing Back From Long Term 50 sma, Moving averages are nothing but curvilinear Trendlines.
also Upon Placing Fibonacci Levels, Prices are bouncing back from 38% of prior trend move, therefore indicating a strong trend.
200 Day Hul Moving avereage Is Just Near 50 sma, Why is this important or worth mentioning is becuase most of the systems of banks and institutions are based on it.
Therefore It's a Buy For Swing Trading Purposes.