Hi guys, In this chart i Found a Supply zone in Asian paints so i just Observed clearly Levels and I drew a chart. Dont's Take any trades based on this Picture ...because this chart is for educational purpose only not for sale... plz do your own analysis too.. Thank Q
A very good bearish head&shoulder made in the 1 day chart of Indigo paints soo its a tym to short it or not buy it .
Sell Indigo paints below 1479
Target 1444 1395 1365 1350
Sl 1550
Indigo paints was on its top of resistance level or it was stuck on this point since 4 March it stuck at 1741-1365
Now If it breakout 1741 thn we are bullish in it
Buy Indigo above 1745
Target 1840 1903 2110 2285
Sl 1360 for longterm
Sl 1490 for short term
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has been moving sideways for the past many months ( approx 8 months).
Current price action, suggesting that the stock is trying to pick up the momentum on the upside.
The stock has created strong support around 530-550 levels.
Hence sustaining these supports, stock could move towards 750 and 900 in the coming months.
Considering the history of the...
Hello friends, I hope you like my analysis if you have any question you can comment or support by liking it.
If you are liking to buy Asian paint then you can buy below
the lower value for delivery for towards 1600-1700
Thanks
