ASIAN PAINTS: Correction Ahead

9 Eki 2021

We can clearly identify a five wave structure . No matter which degree wave it is , but after every five waves up there should be a three wave correction. On a lower degree the nature of fall suggests that the correction will be most likely a zig-zag correction. One should go short on current level or on any rise keeping SL of 3500 & look downside for the minimum target of 3000-2950.