Prices took support from long term and week ended with long wicked candle. (long bias)
While analyzing weekly long wicked candle, on daily time-frame prices broke the down trend-line with strong momentum candle which signify possible trend change.
After breaking down trend-line on daily time-frame, prices also broke the immediate /level with the momentum and made a higher high which confirms the up-trend.
So, wait for pullback to occur towards (above which will act as a support now) for safest long trade.
Conclusion: This price action on every time-frame confirms long bias so one can initiate a long trade once prices come out of this zone with stop-loss below keeping own risk to reward ratio in mind.
Let me clarify for future opportunities, deepness of pullback depends on number of factors like strength of trend, direction of broader market, news etc.
Here in case of Asian paints, price pulled back till (Rs. 1595.95) 38% of Fibonacci retracement levels as up-trend was strong and also overall broader market was bullish for last 2-3 sessions. At this level, price formed pin bar candle on 4H Time-frame which also rejected the 50-EMA and this gave us a perfect entry at RS. 1629.90 after original up-trend resumed on lower time frame (1H time-frame).
Note: According to me, we can not predict the price levels as tons of trader mind are driving the price at a time. We should always consider current price movement for our trading decision.
Just wait for price to resume original uptrend and then enter.