prathamaggarwal
Long

Asian Paint (Long Candidate) - May See 1218-1233-1245

NSE:ASIANPAINT   ASIAN PAINTS LTD
Asian Paints has formed a crucial Morning Star Pattern, which is bullish reversal Pattern and has jumped from the lower trendline Resistance of 1125. Can be long above 1200. SL 1182

Please consider following reasons -

1. Reverse from Trend Line Support
2. Positive Divergence on Stocastic
3. Morning Star Pattern
4. Reducing Price of Crude
5. Fibo Resistance 0.236 crossed with volumes.

Jan 24
Trade closed: target reached: All targets reached with 2-3 days. Have a look yourself.

Sorry for the late update.
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