IF BROKEN BOTTOM LINE TGT 1520-1530 POSITIONALIF BROKEN BOTTOM LINE TGT 1520-1530 POSITIONAL WAIT TILL LINE BROKEN
ASIANPAINT trade ideas
Shorting View on Asian PaintShorting View on Asian paint on basis of completion of Harmonic pattern Gartley Pattern
ASIANPAINT - GO LONG FOR A GREAT RR BY JULY ENDASIANPAINT - GO LONG @ CMP WITH A SL OF 1483 AND A TARGET OF 2040. TARGET SHOULD BE ACHIEVED BY JULY-END. COMPULSORY EXIT ON TARGET COMPLETION. CAN GO SHORT.
ASIANPAINTS LONG TERM VIEWStrong piercing candle fronm the 21 SMA with RSI divergence indicates a strong downward movement
Targets
1506
1363
1258
1165
Asian paints good short candidateBearish harmonic AB=CD pattern formation ,, as per pattern resistance around 1673 levels
If unable to sustain above this levels, counter can fall to levels of 1573,, 1527,, 1483,,
Possible Correction in trendRecovery from the last downswing reached a 50% Fibonacci level. Possible trend correction happen.
Asian Paint Target 1650 I am watching Asian paints for last 20 days. By mistake I bought @1605 during downtrend and price dips @1494 => bounced backed almost +100 points.
CMP 1618, further expecting to hold till next week for 1605 Target.
Stop loss 1500, I am beginner, would like to post my idea for any comments
