IT IS TRADING BETWEEN TREND LINES IN A WEEKLY CHART NOW AT TOP AS DESCRIBED BY THE SQUARE 7 CANDLES HAVE BEEN REJECTED BY UPPER TREND LINE STOP LOSS IS 1840 TARGETS ARE GIVEN WITH BLUE ARROWS AND FINAL TARGET IS LOWER TRENDLINE UNLESS SOME BIG BOOSTER POSITIVE NEWS COMES FOR MARKET IT WILL DIVE DOWN
NOTE: FOR EDUCATION PURPOSE ONLY NO ADVICE
The meteoric rise that we have witnessed over the past two months in this counter by 80% has been nothing short of a spectacle. However, now it looks like the paint is beginning to loose its sheen and the formation of bearish harami with a trendline breakdown is hinting at a potential reversal to the downside. The momentum indicator RSI is clearly signaling serial...
IT IS CLOSED BELOW LOWER TRENDLINE NOW THE FIRST TARGET IS THE GAP AS MENTIONED ON THE LEFT SIDE THAT IS 1705 IF CLOSED BELOW GAP 2ND TARGET IS 1655 STOP LOSS MAY BE 1790 SLIGHTLY ABOVE TRENDLINE :)
NOTE: FOR EDUCATION ONLY NO ADVICE
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Appreciate via Liking and Commenting , which boost up my moral for More Post with perfect Entry Exit Target setup.
Wait...
NSE:ASIANPAINT Short at 1803.65 with SL 1821.90 and TP 1748.85 { RR 3:1 }
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
R:R is good.
Hare Krishna!
Sharing for educational purpose to learners.
As per my idea of selling Asian Paint in the below linked ideas.
Took the position on 12 Sep.
Example of Professional Trading involving patience and precision.
Losses will come but profits will outshine them in the long run.
Good Luck
The bulls loosing its ground to bears,1600 to 1610 zone is very important if any green candle with huge volume formed can make new high else it may go down.
![ASIANPAINT: ASIANPAINT Short Setup [Intraday]](https://s3.tradingview.com/d/dUZHyKt1_mid.png "ASIANPAINT Short Setup [Intraday]")
