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veevao_suryaj
May 13, 2021 12:30 PM

Asian Paints 1h time frame Short

ASIAN PAINTS LTDNSE

Description

Continuing from my last analysis, since Asian paints has been consolidating inside the triangle and at the same level, there is clear weakness in stock. The MACD and the MA averages shows lower strength in the stock. I am bearish on this one, lets wait for the market to give the conclusion. Wait for a clear breakout and a clear confirmation or rejection.
Trade wisely...

Trade closed: target reached

Man wasn't that a real bummer.
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