tksthathachari

Big bullish movement in ASIAN PAINTS with opening up of economy

Long
NSE:ASIANPAINT   ASIAN PAINTS LTD
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

Trade active: Stock up by 3% from suggested levels..
Comment: Stock hit a high of 3333..Just 2% away from target..Cheers to those who traded the stock..
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.

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