ASIAN PAINTS - Pennant pattern - 4 Hour chart - Target -1820

There is a formation of pennant pattern in Asian Paints stocks in a 4-hour chart. Moreover, it is about to give a breakout in subsequent trading sessions after a bounce from 1700 levels. Therefore, one can do a long entry with a stop-loss at 1716 and can set take profit at 1820 which is the first target as well as a lifetime high level.