Cup and Forming Handel
The chart of Asian Paints is forming a textbook "Cup and Handle" pattern, which typically signals a bullish breakout after the handle completes. The rounded cup portion shows a period of consolidation, followed by a slight pullback in the handle. If the price breaks out above the handle resistance, this can be a strong buy signal, as it suggests upward momentum with potential new highs on the horizon.
However, traders should remain cautious due to ongoing geopolitical tensions, which could impact global markets and cause sudden volatility. It's important to adjust stop-losses and manage risk accordingly.
However, traders should remain cautious due to ongoing geopolitical tensions, which could impact global markets and cause sudden volatility. It's important to adjust stop-losses and manage risk accordingly.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.