📊 Weekly Support & Resistance Levels
Support Levels:
S1: ₹2,524.63
S2: ₹2,502.97
S3: ₹2,481.13
S4: ₹2,452.73
Central Pivot: ₹2,553.57
Resistance Levels:
R1: ₹2,568.13
R2: ₹2,589.97
R3: ₹2,611.63
R4: ₹2,647.13
Central Pivot: ₹2,553.57
📈 Technical Indicators (Weekly Timeframe)
Relative Strength Index (RSI): Indicates a bullish trend.
Moving Average Convergence Divergence (MACD): Shows a bullish crossover, supporting upward momentum.
Moving Averages: Both 50-day and 200-day moving averages are trending upwards, confirming a positive short-term outlook.
Pivot Points: Trading above the central pivot suggests a bullish bias.
🔍 Observations
Asian Paints has been trading within a parallel channel since May 2021. A significant gap-down breakdown occurred in November 2024, followed by a series of bearish candles. If the current momentum persists, further downward movement is possible. However, the stock is approaching key support levels, which may act as a cushion against further declines.
Support Levels:
S1: ₹2,524.63
S2: ₹2,502.97
S3: ₹2,481.13
S4: ₹2,452.73
Central Pivot: ₹2,553.57
Resistance Levels:
R1: ₹2,568.13
R2: ₹2,589.97
R3: ₹2,611.63
R4: ₹2,647.13
Central Pivot: ₹2,553.57
📈 Technical Indicators (Weekly Timeframe)
Relative Strength Index (RSI): Indicates a bullish trend.
Moving Average Convergence Divergence (MACD): Shows a bullish crossover, supporting upward momentum.
Moving Averages: Both 50-day and 200-day moving averages are trending upwards, confirming a positive short-term outlook.
Pivot Points: Trading above the central pivot suggests a bullish bias.
🔍 Observations
Asian Paints has been trading within a parallel channel since May 2021. A significant gap-down breakdown occurred in November 2024, followed by a series of bearish candles. If the current momentum persists, further downward movement is possible. However, the stock is approaching key support levels, which may act as a cushion against further declines.
I built a Buy & Sell Signal Indicator with 85% accuracy.
📈 Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
📈 Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
I built a Buy & Sell Signal Indicator with 85% accuracy.
📈 Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
📈 Get access via DM or
WhatsApp: wa.link/d997q0
| Email: techncialexpress@gmail.com
| Script Coder | Trader | Investor | From India
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.