Thread by @krunalparab_

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

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Stock Name: #ASIANPAINT 📊
TF: Monthly ✅

Currently Stock Consolidating in its Monthly DBR Demand Zone (₹2,859 To ₹2,559).

The stock has one DBD Supply Zone as well (₹3,087 To ₹3,245).

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

Buyer > Seller.

Stock Name: #ASIANPAINT 📊
TF: Weekly ✅

On Weekly TF we have RBR Demand Zone (₹2,781 To ₹2,665).

Stock has good closing because after forming RBR DZ stock closed above its previous Nearest Reversal as well as shown below 👇🏻

So as per Weekly TF buyers are in control.

Stock Name: #ASIANPAINT 📊
TF: Weekly ✅

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 📊
TF: Weekly ✅

Here RBR DZ formed in its Monthly DZ range similarly we have one DBD Supply Zone (₹3,056 To ₹3,144) & this also coinciding its Monthly SZ 👇🏻

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

Stock Name: #ASIANPAINT 📊
TF: Weekly ✅

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 ₹3,015.

Stock will show wild up move if gives closing above ₹3,144 or ₹3,244 on Weekly TF 👇🏻

Stock Name: #ASIANPAINT 📊
TF: Daily ✅

Stock going up from its Daily DZ (₹2,715 To ₹2,675).

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 📊

Conclusion:
The overall view is bullish. Stock will go up to ₹3,015 levels easily & will hit ₹3,560+ levels if stock is closed above ₹3,244 on weekly TF.

Stop loss for this analysis is ₹2,665.

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

That's it for Today 🇮🇳

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