2800 price is a decent support for ASIANPAINT, however, this support can change into RESISTANCE too. It may go further down till 2650 and then reverse. This week is important for the stock to confirm it's direction
This stock trades with good volumes on the bourses in the higher time frames.
Similarly, it is in the oversold zones of oscillators in higher time frames.
The 52W H/L being INR 3,568 / 2,694
It is consistently making Higher Highs and Higher Lows
It is standing right at the support level of INR 2925 and we expect it to bounce back from this support to make a new...
The Samart money concept by LuxAlgo provides bluee area indicating support zone while the red area been the resistance zone.
The Progressive Trend Tracker by KivancOzbilgic gives us a band on blue and red line which is a well modified version of bollinger bands. Price above blue line triggers the buy signal. We observe that the price is well above the blue line....
The stock had been in consolidation for almost 3 years and now taking support at 200 WEMA . Also making double bottom breakout at 200 WEMA which will give the desires above mentioned targets as chemical sector has started to make run
NSE:ASIANPAINT
Too much talk about Asian Paints? Retail investors aren't all fundamental analysts and only sometimes have the time.
If you're screening and believe Asian Paints will withstand the competition, focus on that. Trust in the Indian growth story.
Note: I'm not buying or planning to – my focus is on growth. But for super long-term investors, this...
Asian paints can give a good up move with a decent stoploss and can become a good swing or positional trade with good targets
ENTRY - 2830
STOPLOSS - 2800
TARGETS - 2880, 2940, 3000++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal...
