ProfitPattern1

Asian Paints - Bullish Structure - VSA Analysis

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NSE:ASIANPAINT   ASIAN PAINTS LTD
VSA Study for ASIANPAINT

  • Stock has got good consolidation after the previous Volume based Breakout with WRC.
  • Today it has given the breakout again from current consolidation area.
  • Horizontal consolidation are consider to be good setup, for the reasons please explore some good books on price action.
  • If this breakout survive then it can give a good momentum setup.
  • After trading the breakout setup, one should avoid chasing the stocks. Instead let it to be cool-off and complete its pullback structure then accumulate more.
  • My Setup for Tomorrow Entry: 2132 above if sustain then I will take entry.
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And stock gave a good upside rally around 6% today!!!!!
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