Asian paint get is ready to Fire !!!! Preparing for Long
Updated
Hello Friends ,
Thank you all for prioritizing My idea. Hit the like button and also follow for new update.
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Let's check overview of chart :
(0) Area Zero :
here we can see 4 major area zero where no trading activities founded ! Both buyers and sellers do not consider this area favorable !!!
(0) Fake Breakout point and extension of value area :
we had expected that channel will breakup at 1660.80 but it was fake breakdown.it was just extension of value area.after it we can find main value area will behave like support. but it's not over. The new value area did not respect the support of main value area and breaks it and re-enters the channel
.Looks like both parties were happy with the old price that's why re-enters the channel.
The access we get gives birth to new resistance 1864.72.after extension i don't think that it will breakup channel.
(0) Magnet line :
we can Find Magnet Line where the price often touches. we have funded single Magnet line "M 1" .
In the future too, the price will touch this M 1 again and again.
(0) Excess :
We all know that the value within the channel is a matter of consensus for both parties. But when these parties show dislike for the current price, they try to make a new change. The price that exits the channel is price access.
we have founded 2 excess area at 1124.5 and 1864.72
(0) Rejection by tail :
we have founded rejection by tail at 19 march 2020 . it's clear rejection that price have decline to break channel at 1124.5 and we have got high volume spike at that area.
(0) Patterns :
You can see the double bottom between 30 April to 29 July. which maintained with price tag 1297,
(0) upcoming move :
I am expecting this move as Reflection of previous
Thanks you for support ...................if you will follow you can get update fast....
Thank you all for prioritizing My idea. Hit the like button and also follow for new update.
....................................................................................................................................................................................
Let's check overview of chart :
(0) Area Zero :
here we can see 4 major area zero where no trading activities founded ! Both buyers and sellers do not consider this area favorable !!!
(0) Fake Breakout point and extension of value area :
we had expected that channel will breakup at 1660.80 but it was fake breakdown.it was just extension of value area.after it we can find main value area will behave like support. but it's not over. The new value area did not respect the support of main value area and breaks it and re-enters the channel
.Looks like both parties were happy with the old price that's why re-enters the channel.
The access we get gives birth to new resistance 1864.72.after extension i don't think that it will breakup channel.
(0) Magnet line :
we can Find Magnet Line where the price often touches. we have funded single Magnet line "M 1" .
In the future too, the price will touch this M 1 again and again.
(0) Excess :
We all know that the value within the channel is a matter of consensus for both parties. But when these parties show dislike for the current price, they try to make a new change. The price that exits the channel is price access.
we have founded 2 excess area at 1124.5 and 1864.72
(0) Rejection by tail :
we have founded rejection by tail at 19 march 2020 . it's clear rejection that price have decline to break channel at 1124.5 and we have got high volume spike at that area.
(0) Patterns :
You can see the double bottom between 30 April to 29 July. which maintained with price tag 1297,
(0) upcoming move :
I am expecting this move as Reflection of previous
Thanks you for support ...................if you will follow you can get update fast....
Note
Thanks for supporting in education post.Note
i have founded that Asian paints have made Trap who have shorted . lets see how it will goTrade closed: target reached
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