Asian Paints shows signs of a potential short opportunity after forming a bearish reversal pattern (Rising wedge) on the daily chart. The stock failed to sustain above the resistance near 2600, Formed a Double top pattern. The RSI is showing bearish divergence, signaling weakening momentum. hinting at a possible downtrend initiation.
Key Levels to Watch:
Immediate support at 2450 (swing low)
Further downside target around 2320 if support breaks decisively
Trade Plan:
Enter short below 2450 on confirmation of bearish candle close.
Stop loss above 2500 to limit risk from false breakdown.
Target 2320 for conservative exit or trail stop as price moves lower.
Disclaimer: Risk management is crucial in this volatile market, so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
Key Levels to Watch:
Immediate support at 2450 (swing low)
Further downside target around 2320 if support breaks decisively
Trade Plan:
Enter short below 2450 on confirmation of bearish candle close.
Stop loss above 2500 to limit risk from false breakdown.
Target 2320 for conservative exit or trail stop as price moves lower.
Disclaimer: Risk management is crucial in this volatile market, so keep position sizing appropriate. This analysis is intended for educational purposes and not financial advice.
交易开始
Trade activated.. keep trailing downside交易结束：到达目标
Target done, close the trade
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