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...
If it breaks the trendline sell momentum will be seen. Keep an eye on this chart.
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...
High probability that it will get down till the support levels. must be a cake walk, even Rsi is showing weak signals.