ASIANPAINT – BULLISH FLAG – 02.08.2019

FLAG PATTERN CONDITIONS:

1. STEEPER POLE : 70-85 DEGREES (YES PRESENT).

2. DURATION OF THE POLE : LESS THAN 3 DAYS. (YES 3 DAYS)

3. RECTANGULAR MOVEMENT FOR 3 TO 7 DAYS. (YES. 6 DAYS)

4. BREAK OUT SHOULD HAPPEN IN THE SAME SIDE WITH GOOD VOLUME. (YES POSITIVE BREAKOUT WITH HIGH VOLUME)

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Stock Ticker – NSE: ASIANPAINT – Asian Paints Ltd. – CONSUMER GOODS
Bullish Trade plan:
Entry Level 1545 Target 1660 Stoploss 1430
Analyst Rating – :4/5
View Posted on 2019-08-02