#ASIANPAINT weekly chart
RSI & MACD showing strength, price action is very bullish with a big marubozu candle
If momentum continues , the stock may head towards 3670-4550 region as shown by fibonacci extension in medium term if sustains above 3350
#Nifty
More from Techno Prince
#LTTS
#LLTS Weekly chart shows the stock is recovering from 61.8% fibonacci pullback of last major rise
— Techno Prince (@Trader_souradep) July 24, 2022
Daily chart shows a a rounding bottom , daily RSI bullish
If it sustains above 3500 it can move towards 3900+ levels and later towards 200 DMA 4480#Nifty pic.twitter.com/6ebtfLMJZd
More from Asianpaints
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