praveen.bhatiya

Double Top Reversal

Short
NSE:ASIANPAINT   ASIAN PAINTS LTD
The stock has formed the double top and closed below its Neckline. Any pull back now could be used to short the stock
Entery 1285
SL 1311
Target 1200
RR Ratio 3
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Order cancelled: It was not moving so close the trade.

Comments

asianpaints didn't close below 1263 at neckline &
as per victor 2B asianpaints signaling as buy..in short term ...correct me if i'm wrong
Reply
praveen.bhatiya rajesh48adluri
@rajesh48adluri, Sir Technical Analysis is a science as well as an art therefore in any situation there may be more opinions and predictions. It is OK to have different opinion moreover I am also a learner not an authority to correct you. Thanks for adding your views.
Reply
rajesh48adluri praveen.bhatiya
@praveen.bhatiya, thankyou sir..one doubt how you will zero down to a stock idea..
1)by screening using software
2) based on news
3) observing ups/downs of a stocks and create watchlist
Reply
praveen.bhatiya rajesh48adluri
@rajesh48adluri, I watch only Price Action. I don't listen any business news and all TA followers should do the same as the basic principal is that every news is discounted into price. I would like to take help from screening software but I don't know any good one, if you know please share the information. Thanks
Reply
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