vyas1394

Asian paints triangle formation

NSE:ASIANPAINT   ASIAN PAINTS LTD
NSE:ASIANPAINT
consolidating inside a triangle.respecting the up trendline and trying to move up.
I will be waiting for a breakout and retest to enter that can give good risk to reward. 15min inside candle breakout also can be an entry if the volume is also supportive. watch daily pivots to book profits if it goes above after retest
Comment: brekdown levels are also marked
Comment: entered asian paints at 2947.
The stock faced panic selling then buying came and again it was sold into.
But it was not able to make lower lows instead continuously making higher lows.
above 2952 is the correct entry but I entered at a 5min uptrendline support with good risk to reward and very less qty. SL at 2925 only 0.7% SL.
Will scale up QTY on each dip if the stock moves as per the plan
Comment: breakout happened as expected planning to enter with more qty on next pullback.
will watch this stock in the coming days.
Comment: rocket. entered yesterday at a very good risk to reward. moved 1.7% from yesterdays entry point. planning to hold this for 2 to 3 days
Comment: cmp 3000
Comment: cmp 3020 9 50 am
start booking partial profits
booked 30% of my QTY
Comment: my target is 3060 in asian paints
Comment: again moving up after a minor pullback
Comment: exited 60% of remaining qty
Comment: 12.20 pm at 3033

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