I have considered two year Asian paint line chart for Dow theory analysis. This stock is one of the top company and it is bullish trend from September. When I chose this stock on 1 December 2020, there is trend of High bottom to High top trending out for long position. Therefore, I took Rs. 2258 being the previous high top price as the entry price, stop loss has been fixed at Rs. 2158 being the High bottom price of this trend, and target is fixed with the same difference as profit. Therefore, the target will be Rs. 2358
ASIAN PAINTS-BULLISH
