ASIANPAINT trade ideas
ASIAN PAINT for long Term Investment. 𝙰𝚂𝙸𝙰𝙽 𝙿𝙰𝙸𝙽𝚃 𝙸𝚂 𝙾𝙽 𝚅𝙴𝚁𝚈 𝙶𝙾𝙾𝙳 𝙿𝙾𝚂𝙸𝚃𝙸𝙾𝙽. 𝙸𝚃𝚂 𝙰 𝙰𝚁𝚃𝚁𝙰𝙲𝚃𝙸𝚅𝙴 𝚃𝙸𝙼𝙴 𝚃𝙾 𝙱𝚄𝚈 𝚃𝙷𝙸𝚂 𝚂𝙷𝙰𝚁𝙴.
𝙱𝚄𝚈 𝙰𝙱𝙾𝚅𝙴 @ 3045/- 𝚕𝚎𝚟𝚎𝚕.. 𝚄𝚙𝚝𝚘 3165/- 𝚕𝚎𝚟𝚎𝚕 𝚒𝚜 𝚋𝚞𝚢𝚒𝚗𝚐 𝚣𝚘𝚗𝚎.
The stock stand on support level.. And there are several Support from this level.
* This is only my study. Please consultant with your financial advisor to Investment.
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The technical analysis provided on the chart is solely the personal views of my research.
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Asian paint looking good for shortingafter consistent up rally stock should take a pause between 3000 to 3200, I don't think stock could go up from here because its already been stretch a lot its been five days stock is going up And now fed report came and its slightly negative so my view is downward for some days until its beaks 3200 because here resistance on weekly chart I know crude prices are falling but that not how market should work right, commodities are different its take time commodities supply and demand gap can not fill in just week it takes time that is reason why prefer selling position in intraday btst for monday . FOR swing traders its great opportunity to add if its retrace to 200 ema and got support at 3000 u can add some qt to your account for long term the long term view of this stock is bullish as per its fundamental and past history chart analysis i think its better to avoid building new bullish position unless its retrace a little bit thank you