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Paint

Pair - Asian Paints, Berger PaintsThe pair ratio was consolidating for 3 years (Nov'16 - Oct'19) in the range of 3.899 - 5.030 It broke down in Oct'19. 161.8% retracement of the above consolidation was at 3.201. The ratio made failed attempts to breakdown below this level, only to revert back to 3.899. The ratio has again reached (almost) the same retracement level of 3.201, with RSI making higher lows. As long as the ratio is above 3.201, it would attempt to move up to 3.630, 3.899
NSE:ASIANPAINTEducation
by Mridu_A
Berger Paints : Beginning to peel off...!The meteoric rise that we have witnessed over the past two months in this counter by 80% has been nothing short of a spectacle. However, now it looks like the paint is beginning to loose its sheen and the formation of bearish harami with a trendline breakdown is hinting at a potential reversal to the downside. The momentum indicator RSI is clearly signaling serial divergences that could drag the prices lower. The sharp rise seen till date could now reverse and the profit booking could result in some sharp decline too. With the support emerging only around 463-468 one could look at initiating some shorting opportunity or atleast exit from long positions if any. Idea Sourced From Neotrader trade.chartadvise.com
NSE:BERGEPAINTShort
by Raja_Chart_Advise
My PredictiveEngine's Intraday call(24-May-18)-ASIANPAINT-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 24-May-2018 for ASIANPAINT Sell Below: 1274.8 for targets - T1: 1265.2 T2: 1259.5 T3: 1253.5 SL: 1285 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
NSE:ASIANPAINTShort
by MuthiahM
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