Big bullish movement in ASIAN PAINTS with opening up of economy

Aug 21, 2021

In this weekly time frame analysis, we can observe that Asian Paints is consolidating at the previous breakout zone in the form of a rectangle or a Darvas box. A strong RSI of 69 along with bullish harami candle in the weekly time frame shows strength of upcoming bullish momentum. A pure 10% upside is pending

Prediction:
Buy at CMP
SL at 2920
Target - 3400

Aug 31, 2021

Trade active

Stock up by 3% from suggested levels..

Sep 2, 2021

Note

Stock hit a high of 3333..Just 2% away from target..Cheers to those who traded the stock..

Sep 7, 2021

Trade closed: target reached

Made a high of 3395. Target achieved. 1:4 achieved in just 2-3 weeks.. Cheers to those who traded this.