MohammedJunaid
Long

ASIANPAINT: Triangle BUY Only@ 1105, SL 1080 TGT 1176 (2Months)

NSE:ASIANPAINT   ASIAN PAINTS LTD
ASIANPAINT: is in triangle pattern . Buy at 1105 with SL of 1080 and Target of 1176 with Timeframe of around 2 Months.
NO FNO Trades. Take it in cash as per calculated SL value.
Today ASIANPAINT traded 1.63 times its average volume with only 4.68% of OI built up which suggests that the down-trend in this stock is fading out. Next Possible support is at 1105 with Nearest Weekly Target of 1176 and SL of Start of Triangle Pattern which is at 1080.
Trade active: Todays Low 1090. And SL was at 1080. Trade is active.
Comment: ASIANPAINT Bounced Back
Todays high 1142.45
Comment: Todays High is at 1150
Comment: Todays HIGH at 1147.
Its in bull run of its own
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