Asian Paints - Range Bound Strategy
CMP - 3048
TGT - 3582
⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️
Description:
A range-bound trading strategy refers to a method in which traders buy at the support zone and sell at the resistance zone for a given stock. If price has bounced back multiple times from support and corrected multiple times from a particular resistance zone, this creates a good range to trade.
Typically, traders use range-bound trading in combination with other indicators, such as RSI or MACD
TGT - 3582
⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️
Description:
A range-bound trading strategy refers to a method in which traders buy at the support zone and sell at the resistance zone for a given stock. If price has bounced back multiple times from support and corrected multiple times from a particular resistance zone, this creates a good range to trade.
Typically, traders use range-bound trading in combination with other indicators, such as RSI or MACD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.