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ASIANPAINT

Will ASIANPAINT breakout of the range?After making a high of 3179 on 20.07.21, ASIANPAINT has been consolidating in a range. It recently seems to trying to push upwards towards the resistance and has formed a nice bar which indicates a possible coming breakout. A long can be initiated keeping in mind the following levels : LONG ABOVE : 3115 STOP LOSS : 3048 TARGET 1 : 3182 TARGET 2 : 3249 _______________________________________________________________________________________________________________________________________________________ Do wait for a 15 min candle to close above the "LONG ABOVE" level with good volumes for a better entry. Do manage your risk and trade your plan. Like and follow for more. :)
NSE:ASIANPAINTLong
by Tradeception_
ASIAN PAINTS PRICE ACTION ANALYSIS. Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support. Place your stop loss level below the demand zone 2. The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book your profits here and wait for the price action for a new position. All the levels and information is mentioned on the chart as well. Happy trading :) This is just for educational purposes. Trade responsibly with proper financial advice.
NSE:ASIANPAINTLong
by Sanjan91
4