ASIANPAINT trade ideas
Asian Paints - TREND CHANGEKey points that I noted on weekly chart,
1. Lower Lows and Lower Highs
2. Bearish Pattern
3. Bearish Divergence on RSI
4. Bearish Harami Candlestick pattern
It denotes and confirms a trend change signal and I would be very cautious in investing in it. I assume large institutes have started selling this stock.
Asian Paints "Short" before Q3 Results It seems like a bearish cypher pattern and dark cloud candlestick pattern formation right now on charts, that indicates weakness on charts and bearishness.
I would be interested in selling the stock in this weak markets and put a strict stop loss 896 with Target 1 at 829.
