Stock Market เค•เคพ เคœเฅ€เคคเฅ‚ เคญเฅˆเคฏเคพ | Krunal ๐Ÿ‡ฎ๐Ÿ‡ณ Profile picture
It's difficult to explain, but I'm here to show you the 2nd side of Stock Market using Supply & Demand Zones ๐Ÿ‡ฎ๐Ÿ‡ณ | Equity is ๐Ÿ’Ž | SEBI Unregistered!

Feb 18, 2023, 10 tweets

Stock Name: #ASIANPAINT ๐Ÿ“Š
Complete Thread on Asian Paints Stock as per Institution Footprints (Fiis & Diis) using Candlestick.

Retweet ๐Ÿ” this Thread to share the same knowledge with your audience.

Tags:
#StockMarket #Trading @kuttrapali26

Stock Name: #ASIANPAINT ๐Ÿ“Š
TF: Monthly โœ…

Currently Stock Consolidating in its Monthly DBR Demand Zone (โ‚น2,859 To โ‚น2,559).

The stock has one DBD Supply Zone as well (โ‚น3,087 To โ‚น3,245).

Indicating that both buyers & sellers are present in the stock.

Buyer > Seller.

Stock Name: #ASIANPAINT ๐Ÿ“Š
TF: Weekly โœ…

On Weekly TF we have RBR Demand Zone (โ‚น2,781 To โ‚น2,665).

Stock has good closing because after forming RBR DZ stock closed above its previous Nearest Reversal as well as shown below ๐Ÿ‘‡๐Ÿป

So as per Weekly TF buyers are in control.

Stock Name: #ASIANPAINT ๐Ÿ“Š
TF: Weekly โœ…

Buyers lead the stock to close above its previous Nearest Reversal very quickly but sellers are taking time to drop the stock as shown below, which indicates that either sellers are weak or Buyers are still present there.

Crystal Clear!

Stock Name: #ASIANPAINT ๐Ÿ“Š
TF: Weekly โœ…

Here RBR DZ formed in its Monthly DZ range similarly we have one DBD Supply Zone (โ‚น3,056 To โ‚น3,144) & this also coinciding its Monthly SZ ๐Ÿ‘‡๐Ÿป

Supply Zone indicates presence of Sellers pending orders which will halt the Rally of Stock.

Stock Name: #ASIANPAINT ๐Ÿ“Š
TF: Weekly โœ…

Chances are there that Stock will reverse after hitting its Weekly Supply Zone.

So if you're a safe player then book your Partial profit on โ‚น3,015.

Stock will show wild up move if gives closing above โ‚น3,144 or โ‚น3,244 on Weekly TF ๐Ÿ‘‡๐Ÿป

Stock Name: #ASIANPAINT ๐Ÿ“Š
TF: Daily โœ…

Stock going up from its Daily DZ (โ‚น2,715 To โ‚น2,675).

Formed one low quality RBR as well & now going up after hitting that RBR only. Which clearly indicates that buyers are in full control on all Time Frames.

Stock Name: #ASIANPAINT ๐Ÿ“Š

Conclusion:
The overall view is bullish. Stock will go up to โ‚น3,015 levels easily & will hit โ‚น3,560+ levels if stock is closed above โ‚น3,244 on weekly TF.

Stop loss for this analysis is โ‚น2,665.

Safe Target: 3015
Risky Target: 3144, 3244 & 3560.

That's it for Today ๐Ÿ‡ฎ๐Ÿ‡ณ

If we are meeting for the First Time, then hop on to my Profile & read more such detailed Threads ๐Ÿ“Š

If you enjoyed this thread & learned anything from it then Follow @krunalparab_ for more โœ…

Retweet the first Tweet to share it with your audience ๐Ÿ’ฏ

Check complete analysis here ๐Ÿ‘‡๐Ÿป
youtube.com/c/LetsTradeIndโ€ฆ

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling