Stock Name: #ASIANPAINT ๐
Complete Thread on Asian Paints Stock as per Institution Footprints (Fiis & Diis) using Candlestick.
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Stock Name: #ASIANPAINT ๐
TF: Monthly โ
Currently Stock Consolidating in its Monthly DBR Demand Zone (โน2,859 To โน2,559).
The stock has one DBD Supply Zone as well (โน3,087 To โน3,245).
Indicating that both buyers & sellers are present in the stock.
Buyer > Seller.
Stock Name: #ASIANPAINT ๐
TF: Weekly โ
On Weekly TF we have RBR Demand Zone (โน2,781 To โน2,665).
Stock has good closing because after forming RBR DZ stock closed above its previous Nearest Reversal as well as shown below ๐๐ป
So as per Weekly TF buyers are in control.
Stock Name: #ASIANPAINT ๐
TF: Weekly โ
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 ๐
TF: Weekly โ
Here RBR DZ formed in its Monthly DZ range similarly we have one DBD Supply Zone (โน3,056 To โน3,144) & this also coinciding its Monthly SZ ๐๐ป
Supply Zone indicates presence of Sellers pending orders which will halt the Rally of Stock.
Stock Name: #ASIANPAINT ๐
TF: Weekly โ
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 โน3,015.
Stock will show wild up move if gives closing above โน3,144 or โน3,244 on Weekly TF ๐๐ป
Stock Name: #ASIANPAINT ๐
TF: Daily โ
Stock going up from its Daily DZ (โน2,715 To โน2,675).
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 ๐
Conclusion:
The overall view is bullish. Stock will go up to โน3,015 levels easily & will hit โน3,560+ levels if stock is closed above โน3,244 on weekly TF.
Stop loss for this analysis is โน2,665.
Safe Target: 3015
Risky Target: 3144, 3244 & 3560.
That's it for Today ๐ฎ๐ณ
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