Asian Paint - Rounding Bottom Pattern

Cfa_Arvind Updated   
Asian Paint is about to complete the formation of Rounding Bottom.

Rounding Bottom pattern will activate only after the breakout of the Neckline - 3040 level

Rounding bottom chart pattern is a bullish reversal pattern which is formed at prior intermediate support level and hold this level from 2021.

Long trade will initiate only after the neckline breakout.
Stop Loss would be the prior swing low before breakout.
First target would be the depth of the bottom pattern, Calculate depth and add the depth from the neckline level
Order cancelled:
Pattern is not activated hence there is no trade.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.