Asian Paints Ltd. – Falling Wedge Pattern

1. Chart Pattern: Asian Paints is trading near ₹2,307 and forming a potential falling wedge pattern after a prolonged downtrend. This pattern may indicate weakening selling pressure and a possible bullish reversal. 2. Resistance Levels: Immediate resistance lies around ₹2,360–₹2,400. A sustained breakout above this zone with strong volume could open the possibility of an upside move towards ₹2,427 and ₹2,560–₹2,612. 3. Support Levels: The ₹2,280–₹2,250 zone is an important support area. A breakdown below this zone could indicate further downside pressure. 4. Technical Outlook: The broader trend remains bearish, but a confirmed breakout above the wedge resistance could signal a potential recovery. Traders should wait for price and volume confirmation before considering a bullish setup. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice or a buy/sell recommendation. Please consult a SEBI-registered investment adviser before making investment decisions.