ASIAN PAINT NSE By KRS Charts
Updated
Date: 11th July 2024
Time: 9:00 PM
Why ASIAN PAINT?
1. Stock is Extremely Bullish when it comes to overall view from the beginning. But from Sep 2021, its range-bound between 2650 to 3550 Rs.
2. Here Range Bound movement creating Tringle Chart Pattern. Furthermore, that chart pattern's wave count ABCDE is finished with 2670 Rs low.
3. Also, Bullish Divergence in Monthly TF is clearly visible so when it comes to breakout, its likely to break upside resistance rather than downside support.
So, We can Long ASIAN PAINT with SL of 2670 Rs. for Medium to Long Term.
Time: 9:00 PM
Why ASIAN PAINT?
1. Stock is Extremely Bullish when it comes to overall view from the beginning. But from Sep 2021, its range-bound between 2650 to 3550 Rs.
2. Here Range Bound movement creating Tringle Chart Pattern. Furthermore, that chart pattern's wave count ABCDE is finished with 2670 Rs low.
3. Also, Bullish Divergence in Monthly TF is clearly visible so when it comes to breakout, its likely to break upside resistance rather than downside support.
So, We can Long ASIAN PAINT with SL of 2670 Rs. for Medium to Long Term.
Note
BAD RESULT FY2025 Q1,BAD GAP DOWN OPENING,
BUT GOOD Recovery in the end!!
Note
Result Day Gap Filled and Moving Up further.Note
GAP UP and Moving above 3000 levelNote
Good Upside Moves for 2 continues daysNote
Reached Black Resistance line ❗❗❗
Let's Watch how it reacts here
Note
Breaks the Resistance Line
Seems Strong movement so far
Trade active
Back-to-Back Upside ⬆️
Today 2.49% Green Candle with Good Volume ✅
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