ASIAN PAINT LONG - SWING (1 hour candles)
This analysis once again is based on simple break and retest of a resistance zone.
we see a strong resistance zone @2000 and once it broke we see it acting as support area and price makes a successful bounce from this area.
Once we see a bullish candle closing above 2050 we can go long.
Entry - 2050
SL - 2015
Target 1 - 2100
Target 2- 2120
Target 3 - 2130
Risk:Reward - 1:2
we see a strong resistance zone @2000 and once it broke we see it acting as support area and price makes a successful bounce from this area.
Once we see a bullish candle closing above 2050 we can go long.
Entry - 2050
SL - 2015
Target 1 - 2100
Target 2- 2120
Target 3 - 2130
Risk:Reward - 1:2
Disclaimer
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.