Asian Paints and Correlation between real estate
fundamental logic-
Any construction need painting even if realestate becomes dull if they want to sell old building they repaint
if for marriage and functions people re-paint
even we can see schools and colleges also time to time they repiant so consolidation of price will not be much longer and there is high probability that it can see upward rally
technically-
We can see price is range bound
and can seen as channel below med line its a buy zone above mid line is hold zone above top line can see a good rally
simply 2600-3000 can sip and can keep adding
aboce 3000-3400 can hold
above 3400 hold still it breaks 200 day Moving average
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Any construction need painting even if realestate becomes dull if they want to sell old building they repaint
if for marriage and functions people re-paint
even we can see schools and colleges also time to time they repiant so consolidation of price will not be much longer and there is high probability that it can see upward rally
technically-
We can see price is range bound
and can seen as channel below med line its a buy zone above mid line is hold zone above top line can see a good rally
simply 2600-3000 can sip and can keep adding
aboce 3000-3400 can hold
above 3400 hold still it breaks 200 day Moving average
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.