asian paints is currently available in a very good accumulation zone as we hit the bottom trendline expecting a 20% roi in next 3 to 6 months
Asian paints : Indicators Price action RR = 1:3 Looks like Asian paints has decided to use GREEN colors over RED ones.
this stock down side movment start see chart 28 sept 2021 down side movment wave A,B,C and again move up side wave A,B,C and 14 jan start down side move five structure down correction complete weekly correction . if this price go up side continue this direction upside this go triangle correction
Note how the price gets pulled towards the D point and then gives a dot reversal after touching the D point
It is a bullish formation pattern . Every time a breakout in this pattern gives a handsome profit !!
IT WILL BE CLEAR BEREAKOUT IF THIS FLAG PATTERN BREAKS AND IT WILL GOING TO 2200 - 2250 GO LONG ON ASIAN PAINTS IT IS FOR EDUCTIONAL PURPOSE TRADE WITH YOUR RISK
What should be a perfect situation for breaking a market high ? It had everything that was required to break the lifetime high such as : 1.Pattern 2.Market condition 3.News Thank you !!