InsiderB
Long

Asian Paints Pullback Bullish entry setup

NSE:ASIANPAINT   ASIAN PAINTS LTD INR1
To be honest I really like the simple trend continuation pullback entries.

They exactly come to our support/resistance zone, stagnates for sometime and raises in our direction most of times.
These setups dont need complicated analysis or any technical analysis at all.

In this particular setup of Asianpaint             , Risk reward is above 1.5 or if you decide to wait for better entry its way more than 2
Am planning to enter around 990's but depends on today's opening.
Comment: Though Asianpaints ranging for past few days, the current move is about to complete Bullish Cypher Pattern which is inline with our previous analysis.
Thanks,
+1 Reply
You're most welcome Ambrish
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same view sir
+1 Reply
Lets see what happens..
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https://www.tradingview.com/chart/JeDTRWkv/
+1 Reply
@Shaikh, I checked the chart, as I am not using that strategy cudn't come to any conclusion
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