Asianpaints 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...
Hi Traders ,
Two weeks back I posted the coming move in this stock where I shared some conditions to watch and trade . Let us see where these stand today. In point no. 3 what i wrote is quoting for your consideration " there is one dotted red line if this line is taken out then full satisfaction of down trend will emerge . you can see...
Two days before, posted a Sell signal of Asian paints before breakdown of WEDGE pattern, those who entered made good profit.
here is another chance to enter....
Major support zone - 1595 to 1600..ENTER only if it breaks otherwise a reversal can be seen.
Sell below 1595
Target 1- 1580
target 2- 1570
target 3- 1560
SL- Use strictly Tight stop loss according to...
Risky Direct Sell below 1626 for the target of 1610/1595/1560 with strong sl of 1684
Safe sell around 1649 with the same sl same target
**Educational purpose only
Buy initiated at 1657. CMP: 1675, SL: 1634.55, Target atleast 100 points around 1757++.
Expecting explosive bullish move as per pattern formed.
Had tested horizontal resistance of 1656.95 twice before upward resistance breakout in Hourly charts.
Brief Summary of Asian paints.
1. See this stock has completed its one leg of fall near 1440 . Second leg is going on . If the recent low near 1482 is structure changing point that is not confirmed yet , then it will cross the tough resistance at 1720. Other wise , The fall started near 1840 will continue . This upward move will be considered pullback if stock...
