Asian Paints Intraday Bullish for 29th April above 2856

Apr 28

Downward range ended
Bottom 3 rejected at strong support level
About to cross 200 EMA
Strong 2 bullish candles for closing day
Stoch bounced from oversold

Entry-Above 2856
Target- 2876(16 Points)
Stop- 2844(12 Points)

Apr 29

Trade closed: target reached

Target achieved exactly at given price in 4 candles(within 60 Min from entry)

From here there is a strong chance for buyers if reversed from FVG formed. Still price is above 20,50 and 200 EMAs.

If any bullish signals there will be chance for price to touch 2883(0.7% from current price. CMP 2863). And also strong chance for big breakout.

Apr 30

Trade closed: target reached

As described in above comments, breakout achieved and 2nd target can be booked

Apr 30

Comment

Today asian paints has formed very good structure. Enter the trade for retracement for bigger profits. AVOID Bearish trades stocks is under consolidation for bigger movements