Mannelan

Asian paint - Triangular pattern

Long
NSE:ASIANPAINT   ASIAN PAINTS LTD
I have posted Asian paints formed a Head and shoulder pattern on May 11th 2021. Looks like it is not in a mood to break the neckline (How sweet :)). Now we are getting a triangular pattern and it has already given breakout (from red trendline) within the pattern with good volume. If all stars are aligned, this may give break out from the resistance. These are my analysis and not a signal to buy. Cheers :D

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