We can clearly identify a five wave structure . No matter which degree wave it is , but after every five waves up there should be a three wave correction. On a lower degree the nature of fall suggests that the correction will be most likely a zig-zag correction. One should go short on current level or on any rise keeping SL of 3500 & look downside for the...
at crucial level if break then will touch below level and if reverse from here one can long from here as well.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
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...