Asian Paint (Long Candidate) - May See 1218-1233-1245

Asian Paints has formed a crucial Morning Star Pattern, which is bullish reversal Pattern and has jumped from the lower trendline Resistance of 1125. Can be long above 1200. SL 1182

Please consider following reasons -

1. Reverse from Trend Line Support
2. Positive Divergence on Stocastic
3. Morning Star Pattern
4. Reducing Price of Crude
5. Fibo Resistance 0.236 crossed with volumes.

Trade chiuso: obiettivo raggiunto:

All targets reached with 2-3 days. Have a look yourself.

Sorry for the late update.