After making a high of 3179 on 20.07.21, ASIANPAINT has been consolidating in a range. It recently seems to trying to push upwards towards the resistance and has formed a nice bar which indicates a possible coming breakout. A long can be initiated keeping in mind the following levels :
LONG ABOVE : 3115 STOP LOSS : 3048 TARGET 1 : 3182 TARGET 2 : 3249 _______________________________________________________________________________________________________________________________________________________
Do wait for a 15 min candle to close above the "LONG ABOVE" level with good volumes for a better entry.
Do manage your risk and trade your plan. Like and follow for more. :)