anuragcoma15
Long

Asian Paints on the the move

NSE:ASIANPAINT   ASIAN PAINTS LTD
Asian paint has just started the steps towards its upper bound.
Asian paints also made a shooting start in its last session giving a bullish indication from here.

CMP - 1157
First target/resistance 1185
Once 1190 is broken it will shoot to 1260 and above
SL - 1142
Trade active
Comment: First target met. Closed above 1220
Those who encashed there got profit of 1220 - 1157 = 70
If you traded inn 1 lot then profit -> 70 * 600 = 42000

If you encashed during expiry time then profit -> 1190 - 1157 = 30
1 lot profit -> 30 * 600 = 18000

Stock is still above the lower trend line and can potentially bounce from 1165 level. You can encash the present profit of 15000. Those who want to continue maintain the SL strictly.
I'm going to keep the trade open and take the risk for next 3-4 days. Expecting a deciding move in the timeframe
Order cancelled
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