Cup & Handle Break Out.
EMA May Act As Support.
Depth Of Cup 350 Points.
Fibonacci Support.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
currently zigzag is formed so target will atleast touch end of wave a else if stoploss hit then it will form flat correction then also look for sell with stoploss as starting point of a wave and target will be ending point of a wave.
With the Strong Bull Candle today, it make me believe that Asian Paints is on its way up in the next few days.
1st tgt = 1435
if it stays above 1440 then
2nd tgt = 1470
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I'll take a position tomorrow and decide on the SL
Buy above 1460 for the stop loss of 1445. Targets are 1475, 1490 and 1510. Sell below 1435 with the stop loss of 1450. Targets are 1420, 1405 and 1390.
Stock is near to break Descending triangle, expected to make fresh low, Levels are mentioned in the Chart.
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NSE:ASIANPAINT
