NandanChaturvediTrade

Morning star candlestick pattern formation

Long
NSE:ASIANPAINT   ASIAN PAINTS LTD
Asian paints, a wealth creator for great number of people. Here it is, offering an opportunity to enter after a healthy correction in the last week.

A morning star candlestick pattern is formed at the support levels as shown in yellow. This makes it a good buy trade with a stop loss below the support zone at 3140. The targets would be 2R at around 3485 levels.

Kindly note that this is not a recommendation.

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