ASIAN PAINTS had had a correction from its all time high. ASIAN PAINTS was consolidating for a while. ASIAN PAINTS is on short term uptrend and formed a symmetrical triangle. ASIAN PAINTS now just broken the upper resistance of triangle expecting a bullish movement above CMP. Let me know if you have any suggestions or recommendations. Thank you. Disclaimer :- Just an idea not any recommendation
Hi, why it fell back into the triangle after the results? it is bullish or bearish in short term?
Shrish_Nayak
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@dhruvdhotkar I am a beginner trader and even I have done a similar analysis of breakout. However, I wonder if this breakout would affect earnings that will be released today.