Asian Paints has formed a flag pattern in 30 min TF
Trade whichever side the pennant is broken
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Regards,
Segan
This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our...
- $ASIANPAINT shown a good breakout with volumes at 2880 levels
- Many paint stocks have gained momentum
- Breakout of a rounding bottom pattern
- Entry levels can be made afte a retest to 2880-2900 with a stoploss of 2730
- May show some bullish behaviour initially but may lose some momentum afterwards
* Only for educational purposes
Paints Giant - The Great Asian Paints is all set for a new all time high after giving strong Q4 results it has given a huge breakout and is sustaining above it. As it is in continuation phase and will move forward after it gives a breakout and close above its all time high. 3250 is the next Fibo target.
As per chart trendline breakout with good volume, good results. Upcoming pattern might be as per above with targets as mentioned in short term.
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A intraday shorting opportunity in Asian Paints. It reached a strong resistance zone, took resistance and came down a bit and broke the lower trend line, which indicates a slight weakness. If Nifty is consolidating or moving down then there are very high chances it can come down to 38.20% of Fib retracement before breaking the resistance on the higher side.
