Asian paints on 15 mins charts is making HEAD & SHOULDER PATTERN and we believe that neckline is broken with good bearish pressure with increase in volume.
1st target 2620 if market opens flats, if any gap down we wait for retest or any bearish continuation pattern with 2600 as second target. We believe stove can give reversal sign from 2600 because of good Fibonacci 50%, which is exactly at demand zone. Also the length or price area of LENGTH A,B,C IS EQUALS which qualifies fir good short setup. Trade safe.
1st target 2620 if market opens flats, if any gap down we wait for retest or any bearish continuation pattern with 2600 as second target. We believe stove can give reversal sign from 2600 because of good Fibonacci 50%, which is exactly at demand zone. Also the length or price area of LENGTH A,B,C IS EQUALS which qualifies fir good short setup. Trade safe.