Asianpaint has come out of consolidation and has given a breakout from triangle pattern.
It has crossed its ATH(All Time High) with good volumes.
Its an evergreen stock and sector. A large cap and must be there in everyone's portfolio.
Buy them at this price and wait for good returns over the years.
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...
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...
- Asian Paint is forming H&S pattern. This pattern is usually forms when the stock prices reaches its all time high and at the top.
- This pattern yet not completely formed but the love towards the patterns help me to project the things.
- This is too early to get in any position.
- All you can do is just wait for bounce from the neck line and let it form the...