redlines indicating major support and resistance levels and blue line indicating a major downtrend line if currently the market is in a major trendline resistance if confirmation comes by candlesticks in daily we can go for short selling
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asian paints has changed trend there is a good breakout of the upper trendline with good amount of volume indicating trend reversal we can go for buy ( lesson learnt market needs to be continously monitored and try to adapt with the market )