Asian Paints Intraday Bullish for 29th April above 2856

Downward range ended
Bottom 3 rejected at strong support level
About to cross 200 EMA
Strong 2 bullish candles for closing day
Stoch bounced from oversold

Entry-Above 2856
Target- 2876(16 Points)
Stop- 2844(12 Points)

İşlem kapandı: hedefe ulaştı:

Target achieved exactly at given price in 4 candles(within 60 Min from entry)

From here there is a strong chance for buyers if reversed from FVG formed. Still price is above 20,50 and 200 EMAs.

If any bullish signals there will be chance for price to touch 2883(0.7% from current price. CMP 2863). And also strong chance for big breakout.

İşlem kapandı: hedefe ulaştı:

As described in above comments, breakout achieved and 2nd target can be booked

Yorum:

Today asian paints has formed very good structure. Enter the trade for retracement for bigger profits. AVOID Bearish trades stocks is under consolidation for bigger movements