ASIANPAINT trade ideas
Asian Paints forcastPrice seems too high and the channel obeys it, As the price reached the above line it may go a little high above or equal to 1927.
It opened gap up today and made a high of 1915.
I am expecting it will come down to 1530 in the next quarter.
Drop in the oil prices will benefit the paint sector.
Key Raw material imports (Titanium dioxide) from China may affect the sector.
ASIANPAINT | Dynamic Resistance at 200D EMAThe daily trend of the stock bounced of 200D EMA quite a lot many times to make the dynamic resistance a lot stronger and is expected to maintain above the same resistance and bounce back and go long upon hitting the resistance again. But meanwhile the trend holds a strong resistance against 50D EMA.