Asian
Pair - Asian Paints, Berger PaintsThe pair ratio was consolidating for 3 years (Nov'16 - Oct'19) in the range of 3.899 - 5.030
It broke down in Oct'19.
161.8% retracement of the above consolidation was at 3.201. The ratio made failed attempts to breakdown below this level, only to revert back to 3.899.
The ratio has again reached (almost) the same retracement level of 3.201, with RSI making higher lows.
As long as the ratio is above 3.201, it would attempt to move up to 3.630, 3.899
Asian paint trying hard to reach its next resistance levelAsian paint after giving us a sell signal near 1675 with a fall of nearly 257 points is now looking for a short covering and looks good to buy above 1580 for minimum 4-5% move as 1620 will act as a strong resistance zone.
Go Long on BergerBerger Paint did a simple traingle breakout and its a positional cum intraday trade!
Positional Buy is above 532.5 with SL 513.5 and targets upto 540 and 555 for positional.
Intraday buy above 528.5 with strict sl 523.5 with targets 532.5 and 538.5
Asian Paint - Option Trade - Trade of the month till dateHare Krishna!
Sharing for educational purpose to learners.
As per my idea of selling Asian Paint in the below linked ideas.
Took the position on 12 Sep.
Example of Professional Trading involving patience and precision.
Losses will come but profits will outshine them in the long run.
Good Luck
Asian Paints - 10% Returns tardeCmp: 1360
Buying Zone: 1340-1360
Targets: 1400-1450-1500
Potential Returns: 10%
NSE:ASIANPAINT
