Asian Paints

• Flag and Pole was formed in 1hr TF, the target has almost been achieved.
  There is a crucial level of 3563 is a strong resistance.
  Price increasing and Volume is decreasing also indicates bearishness.
  On top of the trend price is forming a bearish divergence.
  On a daily timeframe, there is a inside bar formation.
  

Kommentera:

7% fall in ASIANPAINT since trade idea was shared. Successfully hits target of flag & pole formation 3380. We may see 3050 if crude keeps increasing steadily. Keep upside SL 3400

Handel aktiv:

With the current move, a double top formation is formed on asian paints, with neckline at 3320-40 levels.

Below that, as per the Doubletop structure, targets of 2900-3000 can be seen on the downside