Triangle Spotted on Asian Paints - 4H Chart
Hey folks,
Its end of the weekend. Hope you all had a wonderful trading week.
Asian Paint seems to be forming a Triangular Pattern with a key level supply zone 1710, 1715 levels. Breaking that level will see the price to test the above trendline.
Nifty is forming a parallel channel. Any break in Nifty will have its impact on Asian Paints too. Lets remain Neutral and wait for Breakouts/Breakdowns. (Find the parallel channel in Nifty 1H)
Have a Good Weekend. Leave your comments below.
Cheers.
Its end of the weekend. Hope you all had a wonderful trading week.
Asian Paint seems to be forming a Triangular Pattern with a key level supply zone 1710, 1715 levels. Breaking that level will see the price to test the above trendline.
Nifty is forming a parallel channel. Any break in Nifty will have its impact on Asian Paints too. Lets remain Neutral and wait for Breakouts/Breakdowns. (Find the parallel channel in Nifty 1H)
Have a Good Weekend. Leave your comments below.
Cheers.
Feragatname
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