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.
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 !!