Cup and Handle Pattern in Hourly TFLevels and Ideas given in the Chart.
Keep Patience and trade with reversal or Breakout strategy near POC level.
Try to understand psychology of market.
If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
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ASIANPAINT trade ideas
ASIAN PAINTS LTD 15min INTRADAYIn this chart we can see that the price is forming an Ascending Triangle pattern. If it breaks the trendline below, we can go SHORT. But the global market indices are in GREEN today. So there is more probablity of breaking the RESISTANCE above. If it breaks, we can go LONG in INTRADAY.
Asian paints forming flag and pole pattern.Asian paints has been consolidating in a parallel channel.
The stock has formed a bearish flag and pole pattern on daily time frame.
The volumes are getting low.
Support:- 2830, 2743
Resistance :- 2920, 2970
The stock if breaks down can give a nice targets.
The stock will be good for a bearish trade and watch for the price action near the levels before entering a trade in the stock