Triangle Spotted on Asian Paints - 4H Chart

Hey folks,

Its end of the weekend. Hope you all had a wonderful trading week.

Asian Paint seems to be forming a Triangular Pattern with a key level supply zone 1710, 1715 levels. Breaking that level will see the price to test the above trendline.

Nifty is forming a parallel channel. Any break in Nifty will have its impact on Asian Paints too. Lets remain Neutral and wait for Breakouts/Breakdowns. (Find the parallel channel in Nifty 1H)

Have a Good Weekend. Leave your comments below.

Cheers.