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ASIANPAINT

ASIANPAINTS Bearish Trend ContinuationAsianpaints on 1 hour time frame is trading between 2 important zones as shown in the chart. A break of the lower side of ZONE2 at 1577 could push the price further down following a Bearish ABCD pattern. Furthermore, Fibonacci levels plotted over the last bearish swing shows retracement levels of 61.8% and 50% in ZONE1, signalling a possible reversal from those levels. Short at a breakout below 1577 TGT1: 1560 TGT2: 1540 NOTE: -Trade will be valid until and unless price closes above ZONE1. -Trade with confirmation of momentum & volume on lower timeframes in intraday.
NSE:ASIANPAINTShort
by tradepurge
ASIAN Paint | H&S Pattern Spotted - Asian Paint is forming H&S pattern. This pattern is usually forms when the stock prices reaches its all time high and at the top. - This pattern yet not completely formed but the love towards the patterns help me to project the things. - This is too early to get in any position. - All you can do is just wait for bounce from the neck line and let it form the right shoulder. - I'm going to ladder in the shorts when the right shoulder = left shoulder ( keeping small position shorts there) - Break of H&S pattern neckline will confirm the pattern and there we can add more short position to previous position with stop loss above the right shoulder.
NSE:ASIANPAINTShort
by Noob_Trad3r
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