forcast for 2021 of asian paints cycle
expecting yes bank to bounce bank to channel waiting for to be touched, 2nd v gap drawn based on previously formed v gap in the chart in weekly time frame. ignored the stock split expecting another 5.some thing range to be touched in 2021.
Price seems too high and the channel obeys it, As the price reached the above line it may go a little high above or equal to 1927. It opened gap up today and made a high of 1915. I am expecting it will come down to 1530 in the next quarter. Drop in the oil prices will benefit the paint sector. Key Raw material imports (Titanium dioxide) from China may affect...