Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
R:R is good.
This is a Retracement Move Expectation.
I am looking at a possibility of a further 80-90 points drop to find genuine buyers again near 1470
I will be looking to find good sell setups to enter.
Was impatient w/ previous idea, and it failed miserably. It looks weak only holding below 1582 w/ sl 1599, trg 1572, 1558, 1532, 1480.
Look to sell around 1615/17, w/ SL 1639 for trg mentioned above.
Follow on twitter @piyushrawtani for live trading ideas.
#asianpaints strong breakout from the top , expected to reach height of prior range which is around 1650 , View valid as long as stays above 1540 .
ASIAN Paints is downtrend on short term, but uptrend on Long term. I marked the trend channel with control lines in charts, the prices oscillates within channel.
Cycle 1 - (Short Term Target)
Target 1: 1434
Target 2: 1401
Target Date : 23rd Sep, 2019
Cycle 2 (Long Term Targets)
Target : 1726
Target Date : 18th Jan, 2021.