I see an inverse head & shoulder pattern in #ASIANPAINT
sustaining above 3270, it may rally towards 3740 as indicated
RSI & MACD are bullish
#Nifty #Stock
Not trading call, academic post

More from Techno Prince
More from Asianpaints
#ASIANPAINT Shared monthly chart for reference 👇
~ Gave sell call near 3300
~ Good to add at below levels
2580 /2200 https://t.co/lRdCEfw7WD
~ Gave sell call near 3300
~ Good to add at below levels
2580 /2200 https://t.co/lRdCEfw7WD

#ASIANPAINTS We all know about this stock but is it really worth to add at CMP?
— Pranay Prasun (@PranayPrasun) February 19, 2022
Reasons are \U0001f447
~Monthly RSI is too high .So we may see breakdown in next few months
~Continuous profit booking at top level.Hence we're near to top in long term chart
Hope it helps u to understand\U0001f60a pic.twitter.com/3ltwZMs3d8
As rightly pointed out by experts, Asian Paints' dominance in the Paints Industry is unshakable. Even the entry of a formidable rival, the specter of a lock-down & alleged nose-bleed valuations of 88x has made no difference to the megabagger. The stock is up 83% on a YoY basis. https://t.co/OFnFAbnQGA

Asian Paints vs. Grasim: Paints is not a very easy industry at all. It is a low-capex consumer business. Asian Paints has built its business over last 35-40 years. The Birlas are not in any consumer businesses. So it is going to be tough for Grasim https://t.co/CqkmFnsaiT pic.twitter.com/iK8ZcvYxpJ
— RJ Stocks (@RakJhun) January 25, 2021