Tech Report Series: Asian Paints

Asian Paints has apparently formed a consolidation pattern with low volumes during the phase. Such a formation at 61.8% of retracement levels of its impulsive wave also strengthen the call. One can also sense a strong divergence that shall be made during the coming few sessions. Risk Reward Ratio is 2.5

This update is solely for the information of the blog reader, and must not be singularly used as the basis of any investment decision. Nothing in this update should be construed as investment or financial advice. Each reader of this update should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in the update including the merits and risks involved, and should consult their own advisors to determine the merits and risks of such an investment. Reader discernment is called for !!

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