Candlesticks13

Asian Paints- Tgt1, Tgt2, and Tgt3

Long
NSE:ASIANPAINT   ASIAN PAINTS LTD
Asian paints is in an upper trend and currently in a small retracement on the back of the low volume . It has two possibilities -either move up or move down. I have a strong feeling, it won't go further down from here as:

a) It is in an established uptrend,
b) It is moving in a trend channel.
c) Currently it's taken support at weekly CPR and POC.

I am hopeful that it will meet tgt1 within the next 3-4 trading sessions.

Please note that I am a charting student and this analysis is just for my learning and educational purposes and for my seniors to comment.