"Sell Asian Paints tomorrow." by trader AdityaSaharia — published 2017-01-22

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Short

ASIAN PAINTS LTD (NSE:ASIANPAINT)

NSE:ASIANPAINT ASIAN PAINTS LTD

asianpaints shortselling

Technically, candlesticks in 1 hour chart shows double top pattern and evening star .

Also negative divergence strongly indicates that price may go down tomorrow.

Sell CMP - Rs             . 967
Target - Rs             . 952
Stoploss - Rs             . 977.85

Minimum Risk Target could be 1:1.
You could cover your position and wait for triple top again in 2-3 days.

I do not know how to edit it, But here Rs does not mean Reliance.
Rs meaning is Indian Currency, i.e. Rupees.

Sell CMP - 967 rupees
Target - 952 rupees
Stoploss - 977.85 rupees

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