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ASIAN 'PAINT' ready to break 'PENNANT' !!!

Long
ASIAN PAINTS LTD (NSE:ASIANPAINT)  
Chaser30 Updated   
NSE:ASIANPAINT   ASIAN PAINTS LTD
Trend Analysis Chart Patterns Technical Indicators pennantbreakout Relative Strength Index (RSI) asianpaints
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trendanalysis chartpattern indicator pennantbreakout relativestrengthindex asianpaints
ASIANPAINT is ready to breakout from a decent consolidation which was
under construction for more than 1 month.

It has formed a pennant pattern after a strong up move and now it seems that
the stock is ready to resume the up trend again.

The rising RSI further confirms the strength of the stock.
Comment:
As discussed above ASIANPIANT has given breakout from pennant pattern and now is ready to go for a new high.
snapshot

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