ASIANPAINT
Asian Paints - Tuesday Trade - 11th May | Symmetrical TriangleStock has formed a symmetrical triangle on higher time frames.
Looks set to come down again to 2500/2490 levels in a session or two.
If BD fails and stock breaks triangle on upper side then can reach 2620 and 2650 levels
P.S. Sell/Buy only when 15 min candle breaks the triangle and closes beyond it.
ASIANPAINT - CORRECTION OVER? SWING TRADING LEVELS
Wait for the price to sustain above the trendline and marked zone.
Buy above 2182 level.
Go Short if the price gets rejected from 2180 level.
Use appropriate risk-reward ratio.
Always use a stop loss.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Asian Paint Chart AnalysisAsian Paint was making a series of Lower Lows and Lower Highs. A line has been drawn in the chart connecting the Lower Highs. Also, Asian Paint is now resting at its long-term trendline support. If the support is not broken and the price stops making Lower Highs then we can go long for the targets mentioned in the chart. However, if the trendline support is broken then the next level can be 2241.25.
🎨 AsianPaint 🎯 #asianpaint #nifty #bankniftyNSE:ASIANPAINT
at crucial level if break then will touch below level and if reverse from here one can long from here as well.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
🎨 AsianPaint 🎯 #asianpaint #nifty #bankniftyNSE:ASIANPAINT
stock at support of Harmonic PRZ long only is you know reversal. use your own trade setup for long.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
🎨 asian paints ltd keep on radar for short NSE:ASIANPAINT
as you can see on charts this is one of strongest advance harmonic pattern which you can't find in any book or video. as per this pattern stop loss is quite big so i suggest that if you know reversal then only trade on this for short. one can use their own trade setup to trade on this for short.
Asian paint: 2702 is resistance as per this pattern so trade accordingly.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
ASIANPAINT CUP & HANDLE 30MASAINPAINT is making a cup & handle pattern in 30M timeframe. It can be a good opportunity for a quick trade intraday and even positional. You can initiate a long trade when price crosses the high of breakout candle and keep SL to the nearest swing low. Increased volumes will confirm whether the breakout will be successful or not. Happy Trading!
ASIAN PAINTS LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
SELL BELOW 2210 IF STOCK IS ABLE TO BREAK THE LEVEL WITH VOLUME AND CONVICTION.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
ASIAN PAINTS LOOK OUT FOR THESE LEVELS!!! All levels are marked on the chart.
2115-2110 IS ACTING LIKE A GOOD RESISTANCE; SELL NEAR THAT LEVEL.
BUY NEAR 20 DAILY EMA INCASE THE PRICE IS NOT ABLE TO BREAK IT - BLACK LINE.
IN HIGHER TIME FRAME
DOUBLE TOP HAS FORMED
The indicator used:
1) Daily Lines plots Daily 20 EMA on lower time frame charts
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!