asian tiles long time bearish trend now think its be positive and trend reversal by breaking the weekly triangle pattern........only for study purpose trade at own risk...
looks like asian paints is geared up for new all time high. got good rejection from 3300. so we will keep this as stop loss. final 3550 short term target. once ATH is broken then 4000 also possible.
breakout with high volume we should think about buying opportunties from here.
wait for support. w pattern and double bottom ressistance becomes support and break down stock is below 20/50/100/200 day moving average
already break support line in previous trading session which show more negative trend and rsi also in negative trend so wait for rsi reversal from trend line ressistance wait for next support line.
buy at 2680 around sell target 2800 its a deep oversold rsi is 7 in 15min candle and rsi <15 in 1 hr time frame plan your risk to reward correctly :
NSE:ASIANPAINT retesting the resistance line good to short
I will be looking for long term buys in Asian paints, Price can reject from current Daily Supply Zone and mitigate the Breaker block from there it can shoot up OR price can break the current Supply zone and retest the zone once again from there it can shoot up
NSE:ASIANPAINT Some Last Trades: Trade # Type Signal Date Price Contracts Profit Cum. Profit Run-up Drawdown 14 Entry Long long 18-02-2015 839.1 1 181.35 961. 05 181.35 146.1 Exit Long close 01-06-2016 1020.45 21.61 % 0.18 % 21.61 % 17.41 % 15 Entry Long long 11-07-2016 1020 1 230.35 1191.4 230.35 168.9 Exit Long close 12-09-2017 1250.35 22.58 % 0.23 % 22.58 %...
Here's the result of the asian paint which i told you to go long in asian paint
Asian paint is at its strong supports you can go long in it or wait for the touch zone support. Intraday on 9 aug 2021 you can go long with the sl of 25 if you see 5 min green candle at 9:20. or if you got bullish candle in morning you can put your sl near low or the day.
As i have drawn , it is clear tracing supports and resistances to lines , so we can exapact clear break to upcoming new high.. do follow me for more ideas on other shares like reliance , L&T , et c.. this is just An idea .
NSE:ASIANPAINT consolidating inside a triangle.respecting the up trendline and trying to move up. I will be waiting for a breakout and retest to enter that can give good risk to reward. 15min inside candle breakout also can be an entry if the volume is also supportive. watch daily pivots to book profits if it goes above after retest
Asian Giant consolidating bwtn 2650-2680 and we might see breakout upside/downside in coming days. Support at 50 DMA, if it breaks the next support at 200 DMA. If increases- then levels at 2775/2875.
Asian Paints: Buy above 2420 SL 2385 Target: 2436, 2452, 2468 Posting for Educational purpose only If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
Keep accumulating Asian paints till 2200 for short term ( 1 to 3 months )
In the chart, we can see a formation of rounding bottom along with double bottom chart pattern. RSI Divergence supports the bullish view. Long options can be bought. Asian paints can be seen touching the levels of 2800+ by the last week of March.
Asian paint Triangle breakout and Feb - Ret breakout are same at Entry - 2570 1st target - 2770 ( 7% ) 2nd Target - 2890 ( 4.5% ) Stop Loss - 2526 (2%)