ASIANPAINT is ready to breakout from a decent consolidation which was
under construction for more than 1 month.
It has formed a pennant pattern after a strong up move and now it seems that
the stock is ready to resume the up trend again.
The rising RSI further confirms the strength of the stock.
under construction for more than 1 month.
It has formed a pennant pattern after a strong up move and now it seems that
the stock is ready to resume the up trend again.
The rising RSI further confirms the strength of the stock.
Note
As discussed above ASIANPIANT has given breakout from pennant pattern and now is ready to go for a new high.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.