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Asian Paints - Another triangle pattern

For a few days now I have been observing Asian Paints. Its chart is stark different from the rest. Most of the stock followed Nifty which is a deep dip in March followed by upto 50% fibonacci retracement. But Asian Paints it went from 1840 to 1480 in March just like the rest of the market and then it went to 1840 again giving hope that it will sustain only to fall back to 1500. After that instead of scaling back to 1840 it stayed at 1740. This surely means that the supply increases at higher levels but this level comes down each time it goes o demand line.

 As such this is in consolidation phase. So basically in wait mode. Break from this pattern can either occur on the upside or downside. When it occurs, a 3% upmove or down move will confirm the trend.

 My assumption is that the stock will move down, given that the bigger trend is down. Also don't think people will paint their houses as this discretionary in nature and there is risk in virus spreading to the household which basically holds up such an activity. Sure you can argue about new flats but hey the risk of real estate being stagnant for the rest of the year is a reality.
What can go against is the fact that crude oil might go down and being a raw material for paints, this might help the share prices. 

 So lets wait for the move to confirm.

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