롱

Asian Paints: Breakout trading

업데이트됨

Keep an eye on Asian paint it is on its very verge of breakout. There is a possibility of one more retracement in nearby time. Sellers fail to bring this stock down multiple times in 1 hr time frame.
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Reason to buy:-
1) 2000 is psychology level breaking above which will be a good move.
2) Reduction in seller's strength to pull this stock down (Mentioned in the chart).
3) Bullish Triangle pattern formation.
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Best level to buy : 2005.10
Stoploss will be immidiate lower swing i.e 1948.00
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Intraday best posible target 2%

노트

Asian paints finally broke the trend line entering right now for positional

액티브 트레이드

Small quantity invested planning on investing one more lot once it touches 2005.10 levels. Acting as expected. Holding on to it for now.

액티브 트레이드

Moving As expected

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