asian paints in couple of weeks.
Buy above 1750, a candle should be formed above that, lot of selling pressure at that point, or else buy around 1685 near buying power line. Stop loss if you bought over 1750 is 1733 or bellow on closing basis. If bought around 1685, have a stop loss at 1670 or bellow, a candle should form below that on closing basis. There was also a breakout in weekly chart, last week. This stock is in consolidation phases right now and signaling with a sentiment to go upward after downward cup handle being breakout in day chart and weekly chart.
Target 1: 1847
Target 2: 1892
This particular stock did really well from the march lows, the stock recovered immediately after march lows in April it self, so is maintaining a strong resistance at 1847, or if it manages to break it, it will become a strong support. This stock may do good in upcoming months by reaching to it new all time high.
All these Information is based on my personal knowledge and may be wrong, involves risk. This is for Educational purpose to make my ideas reached to all, and investment at your own risk.
Be safe, and good luck for your Investments.
Target 1: 1847
Target 2: 1892
This particular stock did really well from the march lows, the stock recovered immediately after march lows in April it self, so is maintaining a strong resistance at 1847, or if it manages to break it, it will become a strong support. This stock may do good in upcoming months by reaching to it new all time high.
All these Information is based on my personal knowledge and may be wrong, involves risk. This is for Educational purpose to make my ideas reached to all, and investment at your own risk.
Be safe, and good luck for your Investments.
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