Hi everyone, Asian paints short term swing trade consider buy above 3,910 targets 3,350 & 3,505 stoploss 3110.
LOGIC BEHIND TRADE : Stock was in down trend & given breakout of dynamic trendline resistance and stock is near it`s static resistance 3,910 if sustain above it can go upto previous swing high 3,350 and if stock also sustain above 3,350 then can test it`s all time high resistance 3,505. & Stock looks good for short term swing trade.
ASIANPAINT
LOGIC BEHIND TRADE : Stock was in down trend & given breakout of dynamic trendline resistance and stock is near it`s static resistance 3,910 if sustain above it can go upto previous swing high 3,350 and if stock also sustain above 3,350 then can test it`s all time high resistance 3,505. & Stock looks good for short term swing trade.
ASIANPAINT