NSE: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.
Stock could be in sideways for some days then 95% possibility of the big bull run. So keep your eye on it.
And if you are a beginner then must use paper trade facility. Don't forget to follow.
Thank you.
NSE: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.
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...
ASAINPAINT 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!
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...
Note: This is for educational purpose only. DO NOT trade in F&O based on this analysis.
There seems to be a bullish breakout with high volume in ascending triangle. RSI above 65 indicates bullish momentum.
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...
LET ONE CANDLE OF 15 MINUTE CLOSE ABOVE 2070
AND BUY ABOVE 2076 CAN LEAD TO 2222.7 POSITIONAL WITH SL 2065
OR SHORT IF SEEN A BEARISH CANDLE IN 30 MIN TF AROUND 2070 REGION BREAKING THE LOW OF
PREVIOUS 30 MIN CANDLE
FOR 2021 TARGET INTRADAY
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
June Series Option can be tried.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
Note: This is for educational purpose only.
There is a triangle bullish breakout in Asian Paint with high volume. RSI above 60 shows bullish momentum as well.
