SELL ASIAN PAINTS CMP:1143.6 TGT: 1121 SL: 1157 (INTRA 9/6/17)
Bearish Engulfing pattern formed with significant volume. Closed near day's low. MACD in imminent bearish crossover. Aggressive trade, keep trailing stops and use indicated zones to book profits. Dow theory suggests that this could be the completion of Double top pattern with significant resistance at 1170 levels
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Profits booked near 1130 levels