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
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