After the Earnings Shoot-up, Asian paints has retracted a bit to its 0.5Fib levels forming a Double Bottom and a Falling wedge.
Asian Paints has an ideal condition where it never believes in having a proper breakout(*sarcasm*), so in the upcoming week if the bull run starts , a gap can be seen on Asian Paints at the starting of the day which can ideally be verified as a breakout but it will try to retest it 3097 which can be a good entry point as well.
Markets are a bit volatile these days for enter only if you see a proper breakout or a retest.
3127 and 3165 are good target levels. Keep Stop loss in place as well.
Asian Paints has an ideal condition where it never believes in having a proper breakout(*sarcasm*), so in the upcoming week if the bull run starts , a gap can be seen on Asian Paints at the starting of the day which can ideally be verified as a breakout but it will try to retest it 3097 which can be a good entry point as well.
Markets are a bit volatile these days for enter only if you see a proper breakout or a retest.
3127 and 3165 are good target levels. Keep Stop loss in place as well.
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