ASIAN PAINTS LTDDiupdate Building long position on Asian Paints
Tranche 1 of 16 shares @ 2737
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price is on a downward trend with a major sell off this week
2. Is there any trend reversal in play?
1. No trend reversal in play
2. At important support or resistance - horizontal - Yes brought when crossed bg support downwards
3. At important confluence of EMAs + price + support - Yes - Near support and 50 EMA weekly
3. How are the candlesticks behaving and what is the volume doing
Decline in price with large selloff volume
4. Is there any trend continuation in play?
Downtrend looks to continue
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No
6. Fundamental factors in play
1. EPS growing quarterly and yearly due to revenue growth and OPM growth... Q3 2021 was fantastic
2. Are institutional investors/promotors increasing their stake - No movement in shareholding 75% help be promoters and FIIs
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price is on a downward trend with a major sell off this week
2. Is there any trend reversal in play?
1. No trend reversal in play
2. At important support or resistance - horizontal - Yes brought when crossed bg support downwards
3. At important confluence of EMAs + price + support - Yes - Near support and 50 EMA weekly
3. How are the candlesticks behaving and what is the volume doing
Decline in price with large selloff volume
4. Is there any trend continuation in play?
Downtrend looks to continue
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No
6. Fundamental factors in play
1. EPS growing quarterly and yearly due to revenue growth and OPM growth... Q3 2021 was fantastic
2. Are institutional investors/promotors increasing their stake - No movement in shareholding 75% help be promoters and FIIs
Catatan
Exited at 2845 on 6 July at 8.64% profit
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.