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Asian paints forming flag and pole pattern.
ASIAN PAINTS LTD
Asian paints forming flag and pole pattern.
By Mambotrade
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Jun 5, 2022
1
Jun 5, 2022
Asian paints has been consolidating in a parallel channel.
The stock has formed a bearish flag and pole pattern on daily time frame.
The volumes are getting low.
Support:- 2830, 2743
Resistance :- 2920, 2970
The stock if breaks down can give a nice targets.
The stock will be good for a bearish trade and watch for the price action near the levels before entering a trade in the stock
ASIANPAINT
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BANKNIFTY
Candlestick Analysis
Flag
NIFTY
Support and Resistance
Mambotrade
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