Asian Paints -Ratio chart analysis
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Asian Paints -Ratio chart analysis
Plotted against Nifty 500 with Triple Moving average
Broken below large box
Bearish Anchor Follow thru
TMA negatively allingedso all in all it looks stock will underperform the market
same thing has happen in reliance between 2008-2016 where it massively underperform the market
if i have only two choice between Asian paints and Nifty 500 i will choose to invest my money in nifty 500 BEES or That index fund till ratio chart dosent turn in favour of asian paints so my pain area reduce and if mkt rise i earn returns
#AhmedabadNest #stockmarkets #AsianPaints #analysis #ratiocharts
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Those who are holding stocks equivivalant to future lot size can do covered call strategy in Asian paints
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Good strategy to invest in BEES or covered call. Appreciate your perspective on market timing model also.
