AIA Engineering Rs.933/- the stock has been on a continues uptrend for last two years and now seems to be correcting. it has been above 200 day EMA for all these years and now it has moved below 200 day EMA and has been finding resistance at the same. 200 day EMA has offered resistance three times in last six months indicated by arrows. As is the rule below 200 day EMA bears rule and above it bulls rule. So as it is offering resistance we can expect the stock to correct heavily in coming weeks or months. So till the stock closes above 200 day EMA decisively, we can expect bears to dominate stock.

Mahiidar M

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