This stock is breaking a trendline which it has already tested thrice. And most important thing to consider is this is the first time it closed above 1330 and that is with the closing near it's high.
Some other points to consider is:-
1) Consolidated before breakout for good 4-5 weeks.
2) Volume was gaining while consolidating.
3) Today's Closing with high volume...
Asian Paint has taken major support at 1510 and has broken the trendline on 30 mints chart. If markets are positive and Asian Paint sustain above 1580-1600 levels then can see 4-5% upside till 1680-1690 levels.
Please Note - All the green lines mean the support zone/demand zone
and all the red lines mean the resistance zone/supply zone.