Last time we took a short in Asian Paints at 1186 and booked profits at 1147...
Now the stock is back at 1147 but has broken blue trend line and today if closing is below 1154 then it could be dicy for Asian Paints as it would breach the trend line on weekly closing basis...
It could head lower towards 1131 below which might suggest further weakness for eventual target of 1096
Pattern gets invalidated if closing is above 1160 today...
Take care & safe trading...!!!
İşlem kapandı: hedefe ulaştı
Asian Paints makes a low of 1099 CMP 1102
Consider booking profits.
Happy trading...!!!
Not
That's 2 back to back trades in Asian Paints Capturing down movement From 1186 to 1100 combined
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