Asian Paints - you need to be flexible for the chart reading. Do not try to impose a pattern when there is none. Sometimes, a simple trend line would serve the purpose.
Here, please understand the concept of the "Internal Trend Line" and its significance.

More from Steve Nison
I have mentioned before too good material on RS
1. A Book written by Sir @Prashantshah267 as attached
2. Research paper by @MebFaber April 2010
3. A book written by Sir Robert A. Levy as attached
4. Webinar by Sir @premalparekh with @vivbajaj
5. Video by @jfahmy on YT https://t.co/xg4fe09ImL
1. A Book written by Sir @Prashantshah267 as attached
2. Research paper by @MebFaber April 2010
3. A book written by Sir Robert A. Levy as attached
4. Webinar by Sir @premalparekh with @vivbajaj
5. Video by @jfahmy on YT https://t.co/xg4fe09ImL

Hi sir ..can u post some articles or write up on relative strength ,how to use same and what is the criteria .. kindly help
— Nanda (@vk_nandagopal) December 11, 2021
How was the trap set in USA Small-Cap index
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa

TRAPS? In a false breakout, the price breaks out of the range & comes back within the range. A trap is one step ahead, price not only comes back within the range but breaks down in the opposite direction. It traps the initial longs who didn't close their positions
— The_Chartist \U0001f4c8 (@charts_zone) January 22, 2022
Russell 2000 pic.twitter.com/txzjdnStzc
More from Asianpaints
This weekend #PaintIndustry Analysis -Considered listed player
This Sector always rewarded with high Valuation by Mr. Market bcoz of must consumption business
Proxy for Housing and Infra Play
Charts attached - Price at Good Levels
@Vivek_Investor
@WealthEnrich
@caniravkaria https://t.co/ZJOxMx2J8S
This Sector always rewarded with high Valuation by Mr. Market bcoz of must consumption business
Proxy for Housing and Infra Play
Charts attached - Price at Good Levels
@Vivek_Investor
@WealthEnrich
@caniravkaria https://t.co/ZJOxMx2J8S

Now Domestic Appliance Business
— Market Learner \U0001f3af (@MarketLearner7) June 13, 2021
A must consumption in Kitchen
Enjoying Duopoly in the business#TTK#Hawkins
Compared both players
Analyzed newly listed & Only listed Co in this business
Charts looking Great at CP @Vivek_Investor @vetris_stocks @Stockstudy8 @ca_mehtaravi https://t.co/kltgrigoml pic.twitter.com/VnbguRQd5X
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