ASIANPAINT Cup & Handle Breakout n RetestASIANPAINT completed the cup and handle and broke out of the neckline. Its retesting the neckline to see if it has turned into support.
ASIANPAINT
ASIANPAINTS Channel BreakoutASIANPAINT is moving between sup/resistance
Currently right on the level of breakdown / reversal to the next level.
Channel Trade AsianPaint !Simple Classical downtrend Channel trade need not any explanation. One can take chance now with stop loss just above the high of today. If works would provide good risk to reward if not there is small risk.
Zig zag correction in Asian PaintsWe are in the wave C of the zig zag correction. In long term the correction may take us to 750 levels.
Butterfly pattern formation on Asianpaints - LONGButterfly pattern formation on Asianpaints on 1 hr chart and 860 showing good support.
Trade:
Buy above - 871
Target 1 - 877
Target 2 - 884
Stop Loss - 861
Reward Points - 13
Risk Points - 10
