Asian paints is in its major support line and has formed a doji candle on the line. If we see a good green candle this can be a good sign of reversal.
This will be a good risk:reward trade with minimum risk and maximum reward.
If stock breaks the support line ,don't enter it.
If stock bounces from here , this will be a good entry.
Look for bullish candlestick reversal patterns for best confirmation.
This analysis was done by me only for educational purpose. Feel free to share your views/feedbacks.
This will be a good risk:reward trade with minimum risk and maximum reward.
If stock breaks the support line ,don't enter it.
If stock bounces from here , this will be a good entry.
Look for bullish candlestick reversal patterns for best confirmation.
This analysis was done by me only for educational purpose. Feel free to share your views/feedbacks.