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comfortableisprofitable
Nov 20, 2021 8:12 AM

Asian Paints strong above 3170... Long

ASIAN PAINTS LTDNSE

Description

After breaking, the resistance of 3170 Asian Paints comfortably traded at 3226.
The chart is self-explanatory.

We can see confirmation of the trend from the following points.
1) Breakout of dynamic resistance line.
2) Fibonacci level support
3) Higher Low after consecutive Lower lows.

Buying Range:3230 to 3170
Stop Loss: 3050
Expected target: 3505, 3800 to 4100.

Happy Trading


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