Asian Paints Intraday and Swing for 06.05.2024-Bullish

As per the reference analysis on 29th April for intraday, we got good trades(Attached link for the previous analysis). In continuation to this, we got very good structure formation towards bullish movement.

Weekly and Day TF is at Strong support area

15 Min TF
• Price is in upward trend
• Price is reacting as per previous breakout.
• Resistances are converting to support which is good sign on bullish hold.
• Wait for more consolidation. More consolidation and upside breakout then more chance and quantity can be increased
• Fibonacci retracement has taken strong support at 0.618 Level which is very good sign trend continuation. Also volumes has decreased during retracement

Strong Buy: Above 2951. Target upto 2990. Swing traders can hold for more profits

Get confirmation from any of the leading indicators before entering trade

Kindy comment below in case of any clarification required on this particular idea.
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Zlecenie aktywne:

Hello,
Those who have entered trade in bullish. Please hold the positions. Keep stop loss at 2905. There are high chances that swing will get break and cross 2990 soon

Zlecenie aktywne:

Good consolidation today. Waiting for big breakout.
Buy positions can be kept on hold

Transakcja zamknięta: osiągnięto wyznaczony cel:

Partial profits can be booked here. Hold 50% of the quantity for further movement

Zlecenie aktywne:

15 Min TF
Stock is at 200 EMA & key level. Any rejection from these level, we can expect good move upside.

Transakcja zakończona: osiągnięto poziom stop