Entry - Above 1560 CBSL - 1497 Target - 1695
TechM gave a round bottom breakout taking the stock price to ATH. Long it for a target of 1100 and above.
Buy - 80.80 SL - 76.5 Target - 88.80
Long above 1808.65 with stop loss as 1750. The setup is valid only if it breaches without forming a lower swing high.
Entered on 21 Aug 18 on 287 with a stop loss at 277.45 Current Closing Basis Stop loss = 277.45 In case of hitting stop loss, confirmed loss of 9.55 points.
Eyeing the stock behavior near the demand zone. Will look for long opportunities if it shows any sign of bullishness.
Asian Paints has formed another flag. The last flag breakout gave a good rally after hovering around 38% fib retracement. The current flag setup exhibits the same behavior.
Entered on 20 Aug 18 on 723.15 with a stop loss at 670.05 Current Closing Basis Stop loss = 670.05 In case of hitting stop loss, confirmed loss of 53.1 points.
Entered on 24 Aug 18 on 550 with a stop loss at 529.40 Current Closing Basis Stop loss = 529.40 In case of hitting stop loss, confirmed loss of 20.6 points.
A strong close above 1840 would lead to a good rally. If the stock falls near the lower range, one can go long around 1600 levels.
Buy - 103 CBSL - 99 Target - 110 RR - 1.75