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
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.