Price Action Chart Analysis: ASIANPAINTS and BHARTIARTL

Price Action chart views for ASIANPAINTS and BHARTIARTL  12th Sep 2017


ASIANPAINTS

ASIANPAINTS continuous it’s long term up trend. It had resistance breakout at 1173 level last week and it shows great potential.

WEEKLY PRICE ACTION CHART OF ASIANPAINTS


In Hourly chart, ASIANPAINTS shows it can move up tp 1300 as first target , and further up after a slight consolidation period.
HOURLY CHART OF ASIANPAINTS


BHARIARTL is at the strong weekly resistance level. 

BHARTIARTL Daily Price action Chart
If it can bounce back from current level and break the 407.5 resistance level, there can be a long up trend in near future. If it breaks the channel downwards, then it will be a major trend change. It is quiet possible since BHARTIARTL is just back from a strong monthly resistance level of 437.

BHARTIARTL Monthly Price Action chart



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