Asian paint green run is coming on charts
Asian paint struggle past several year to give positive return but now time has came to give return on that share
Technical point - Multiple Time frame analysis
1- Strong multi time frame support at 2600 & 2550
2 - Flag pattern breakout on H4 time frame
3 - Rounding bottom reversal on daily time frame
4 - After may month last 4 year give only positive return seen on charts
5 - Last year in may 3000 to 3560 run came same chart and same think happen this time also
6 - Near supply zone
7 -That time he reached 52 week high and break his life time high of 3582 and given 4400 TRG
First TRG - 3400
Second TRG - 3600
Third TRG - 4000
Final Trg - 4400
SL 2520
that delivery only for the long term
Technical point - Multiple Time frame analysis
1- Strong multi time frame support at 2600 & 2550
2 - Flag pattern breakout on H4 time frame
3 - Rounding bottom reversal on daily time frame
4 - After may month last 4 year give only positive return seen on charts
5 - Last year in may 3000 to 3560 run came same chart and same think happen this time also
6 - Near supply zone
7 -That time he reached 52 week high and break his life time high of 3582 and given 4400 TRG
First TRG - 3400
Second TRG - 3600
Third TRG - 4000
Final Trg - 4400
SL 2520
that delivery only for the long term
Penafian
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