Mambotrade

Asian paints forming flag and pole pattern.

NSE:ASIANPAINT   ASIAN PAINTS LTD
Asian paints has been consolidating in a parallel channel.

The stock has formed a bearish flag and pole pattern on daily time frame.

The volumes are getting low.

Support:- 2830, 2743
Resistance :- 2920, 2970

The stock if breaks down can give a nice targets.

The stock will be good for a bearish trade and watch for the price action near the levels before entering a trade in the stock

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