Nifty 50 Stock Analysis Series - Asian Paints - 4th stock
My Observation:
1. Formed U shaped fall-and-down pattern in this year.
2. Rally started and ended at Rs.3444.
3. Stock Price is
** At 21 SMA
** Below 50 SMA
** At 100 SMA
Indicates to do monthly SIP for long term
4. Then Correction started with (ABC) pattern from last week of Sep'21.
5. Expecting this fall to Rs.2830 and start next rally.
6. Target #1 - 10% (Rs.3119)
7. Target #2 - 20% (Rs.3440)
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
1. Formed U shaped fall-and-down pattern in this year.
2. Rally started and ended at Rs.3444.
3. Stock Price is
** At 21 SMA
** Below 50 SMA
** At 100 SMA
Indicates to do monthly SIP for long term
4. Then Correction started with (ABC) pattern from last week of Sep'21.
5. Expecting this fall to Rs.2830 and start next rally.
6. Target #1 - 10% (Rs.3119)
7. Target #2 - 20% (Rs.3440)
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran