Big bullish movement in ASIAN PAINTS with opening up of economy

In this weekly time frame analysis, we can observe that Asian Paints is consolidating at the previous breakout zone in the form of a rectangle or a Darvas box. A strong RSI of 69 along with bullish harami candle in the weekly time frame shows strength of upcoming bullish momentum. A pure 10% upside is pending

Prediction:
Buy at CMP
SL at 2920
Target - 3400

Trade attivo:

Stock up by 3% from suggested levels..

Commento:

Stock hit a high of 3333..Just 2% away from target..Cheers to those who traded the stock..

Trade chiuso: obiettivo raggiunto:

Made a high of 3395. Target achieved. 1:4 achieved in just 2-3 weeks.. Cheers to those who traded this.