Asian paints might be ready to rumble for a bit #Episode1 Classic symmetrical triangle now at the verge of breakout ..... breakthrough gap up = buy with a small risk or a power candle on 15min would do it .... u can hold this trade as it is on a good support zone .... Happy trading. :)
Also, a breakdown = no trade at all on the sell-side. wait for the right time, let ti show u the right pattern :)
Don't take a risk of more than 2 to 3 % on capital depending on the hit rate.
Asianpaints
ASIAN PAINTS ON 15 MINS CHARTAsian paints on 15 mins charts is making HEAD & SHOULDER PATTERN and we believe that neckline is broken with good bearish pressure with increase in volume.
1st target 2620 if market opens flats, if any gap down we wait for retest or any bearish continuation pattern with 2600 as second target. We believe stove can give reversal sign from 2600 because of good Fibonacci 50%, which is exactly at demand zone. Also the length or price area of LENGTH A,B,C IS EQUALS which qualifies fir good short setup. Trade safe.