Symbol - ASIANPAINT
Asian Paints is currently trading at 2822
2780 - 2830 is a good support area for Asian Paints.
I'm seeing a trading opportunity on buy side.
Buying Asian Paints Futures at CMP 2822
I will be adding more if 2785 comes & hold with SL of 2760
Targets I'm expecting are 2915 - 3015 - 3140 & beyond.
Disclaimer - Do not consider this as a...
Asian paints Looks like bottoming out.
ADX about to get a positive divergence and already fell from 50 level
RSI above 50
BUY on dips with a SL of 2770, for the target of 3040 and 3230
CHART & ANALYSIS
ADARSH DEY
NSE:ASIANPAINT
As seen on the chart price breaking out of recent range. From here Asian paint could move up.
Good delivery volumes.
Supertrend changed to buy after 70 days.
One of India's biggest wealth maker is giving opportunity to enter. India VIX has fallen, global tensions seem to be calm. If Crude is under control then margin pressure will be released and profit may see good upside. Sufficient demand is already there.
If the Asian Paints Shares see significant resistance at the 2800 levels, we can expect a positive upward trend up to the Rs 2900 levels, where significant resistance is seen. For past few weeks Asian Paints is in accumulation phase and can expect upward movement in upcoming weeks .
Timeframe: Daily
NSE ASIAN PAINTS has been undergoing a corrective phase for about 80 weeks, with its price confined within a range of 3329 – 2938 , excluding excesses. The ADX indicator has declined to 21, while the average true range (ATR) stands at 43. Presently, the price has breached the 20-day exponential moving average (EMA) and is trading below the 50,...
Asian Paints stock is making ascending triangle and in the pattern stock is making falling channel
Also Wekkly RSI is around the support which says we are around the support
Stock has strong support around 2800-2850
Also stock never breaks the weekly strucuture
we can see huge bounce from these levels
One can expect to give returns of 30-40% in coming...
Symbol : ASIANPAINT
Currently Trading at 2948.
Trading at a good support area.
This stock is fundamentally good and currently trading at lower valuations than usual.
Long position can be made at CMP 2948 with SL below 2900 for targets of 3140-3230 & 3500.
P.S. : I've made long positions in Feb futures today & this is not a buy/sell recommendation. I'm just...
Asian Paints has been following its Time cycles on weekly chart exceptionally well.
As u can see everytime it enters the time cycle zone (red lines) it forms a low and rallies.
Price and Time confluence - is the most important way to trade markets.
Majority of us are focused only on prices but not on time which is essential for trader to trade profitably in...
Asian Paints has bounced from 200 EMA on a Weekly Time Frame (2788). Now at 2853. It is possible that stock could head towards 2900, 3000, 3100, and 3200 in the next few months. View invalid below 2776 level.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any...
Asian paints has been downtrending and consolidating for a while. A breakout has been observed from the consolidation along with positive divergence in momentum. Therefore we can expect the trend to change.
Current entry is 3000-3005, target 3060, Stoploss 2970
This trade is recommended with a 1:2 RRR
Happy Trading
Yamini Prabu
NSE&NISM Certified...
Asianpaints again taken a support from previous demand zone and expected an upmove towards 3280 odd levels until 2900 is intact on the downside closing basis.
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Happy Trading!
InvestPro India
A very nice and bullilsh pattern has formed in Asian paints at a support level. This is the classic head and shoulder pattern and the price is just breaking out from the neckline. The target is the depth of the pattern but it is possible that we see a lot more rally. In what has been a weak market it is good to see a bullish breakout.
Reasons To Enter : NSE:ASIANPAINT
1. Stock about to breakout after consolidating for a almost a month .
2. Crude Oil is going down , so considering the inverse correlation between crude oil and paint stocks , we can see demand going up as oil gets cheaper .
3. Stock closing above both 50-9 EMA
4.Breakout , retest already done . Now price might go up...
ASIANPAINT - weekly chart looks interesting, the stock has been trading in this channel for the past 3 years. Everytime the stock comes to the bottom trendline, it takes support and bounces back.
What will happen this time? Will it take support and bounce or will it break down? Well, time will tell.... but watch out for a good trading opportunity.
