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
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Stock up by 3% from suggested levels..
Comment
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Stock hit a high of 3333..Just 2% away from target..Cheers to those who traded the stock..
Trade closed: target reached
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Made a high of 3395. Target achieved. 1:4 achieved in just 2-3 weeks.. Cheers to those who traded this.