Asian paints after consolidating in a parallel channel has given a break out of the zone and closed above the box.
The stock on the daily time frame has closed above both the moving averages.
For the intraday trade, the stock has formed a flag and pole pattern on smaller time frame. On hourly time frame, the stock has given a close above 20 and 200 emas.
Asian paints on the daily time frame is forming a bearish flag type of pattern.
The stock has been consolidating in a parallel channel.
There is a bearish moving averages cross over and stock price is taking rejection form the 20 ema.
3 point confirmation.
1. Bearish flag on daily time frame.
2. Bearish moving average crossover.
3. 50% fibonacci level...
As the prices of crude oil dropping the scrip is moving higher high. Now the scrip is trading near ATH and getting it self ready for another breakout to reach ATH. Consolidating near resistance and forming a Flag type pattern. Once the resistance is broken then we may see a strong up-move in this scrip,
#Note -The purpose is for analysis for ...
This is very Trendy Stock From Last few weeks This Has been rally a lot than it should be now its time To go in consolidating phase But we can not say when this happen This time i saw a good opportunity To short it its been weak now to short i There has been small rest where it could came so fast if on mon morning will be negative I shorted it on 3491 keeping sl...
Asian paints has been consolidating in a parallel channel.
The stock has formed a bearish flag and pole pattern on daily time frame.
The volumes are getting low.
Support:- 2830, 2743
Resistance :- 2920, 2970
The stock if breaks down can give a nice targets.
The stock will be good for a bearish trade and watch for the price action near the levels before...
Asian paints had traded in a narrow range whole day after a initial up move.
On a daily anaylsis, the stock has broken its both crucial moving averages with a nice volume confirmation and can remain in green.
It has been taking resistance from its 4 hour 200 ema and has formed a doji in the end.
Immediate resistance are the high the points from where it...
Asian paints on weekly time frame is near its 0.618 fib levels and has closed over its 20 ema.
Stock seems bullish on weekly chart and on daily time frame the moving averages has given a cross over.
It seems as the stock is in accumulation phase.
Support :- 3090, 2974
Resistance:- 3281, 3357
Wait for the price to break the levels and sustain the levels.
📈 Asian Paints 📉
Asian Paints is breaking down from Support after 25May2022.
Earlier it use to be Resistance as well so it holds more bias.
So good stock for shorting, Possible targets on downside will be 2277 around levels.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you...
Short Opportunity -
Asian paint has formed descending triangle, which indicates that there fill be downside movement is expecting. Once the MA is headed down and if the candle closes below the 3236.05 level this will be a good bearish trade. The CCI is near 0 we have to wait till it turns minus. The CPR is narrow and at the downside, which also gives a green...