Cheena21
Long

Asian Paint Bullish Bat in the making!

NSE:ASIANPAINT   ASIAN PAINTS LTD INR1
37 1 3
Two scenarios
Firstly, I feel there will be test at 950 level, setting up for a bullish bat pattern , this seems appropriate given the retracement both from point A to C and also B to C leg close to .618 level. But this will be more conservative wait and watch before entering a trade.
Secondly, in the ABCD pattern there is a perfect retracement at .618 level, with the extension expected to test 1070 level on the upside.

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sigmastocks
4 months ago
hi its not yet came to D level, So is it a valid pattern??? clear it plz. thanks
Reply
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