ASIAN PAINT LONG - SWING (1 hour candles)
This analysis once again is based on simple break and retest of a resistance zone.
we see a strong resistance zone @2000 and once it broke we see it acting as support area and price makes a successful bounce from this area.
Once we see a bullish candle closing above 2050 we can go long.
Entry - 2050
SL - 2015
Target 1 - 2100
Target 2- 2120
Target 3 - 2130
Risk:Reward - 1:2
we see a strong resistance zone @2000 and once it broke we see it acting as support area and price makes a successful bounce from this area.
Once we see a bullish candle closing above 2050 we can go long.
Entry - 2050
SL - 2015
Target 1 - 2100
Target 2- 2120
Target 3 - 2130
Risk:Reward - 1:2
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