ASIAN PAINTS LTD. - TRIANGLE PATTERN!!

ASIAN PAINTS LTD. #ASIANPAINT

- MOVING IN A NARROW RANGE
- FORMED A TRIANGLE PATTERN
- TOOK RESISTANCE FROM 100EMA AND SUPPORT FROM 200EMA ON 30MINS CHARTS.

INDICATORS:
RSI IS NEUTRAL
TT2 IREND IS NEARISH IN 30MINS BUT BULLISH IN DAILY
CVD IS NEUTRAL BULLISH

COMMENTS:
1. FOR UPPER BREAKOUT
BUY ABOVE 1720
SL 200EMA
TGTS 1745/1762/1783

2. FOR LOWER BREAKOUT
SELL BELOW 1685
SL 100EMA
TGTS 1660/1649/1635

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.