Asianpaints on 1 hour time frame is trading between 2 important zones as shown in the chart. A break of the lower side of ZONE2 at 1577 could push the price further down following a Bearish ABCD pattern. Furthermore, Fibonacci levels plotted over the last bearish swing shows retracement levels of 61.8% and 50% in ZONE1, signalling a possible reversal from those...
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BUY: Asian Paints Ltd. at 465 T: 515 SL: 443 Asian Paints had formed Cup & Holder pattern in 30min charts which shows positional uptrend.
- Asian Paint is forming H&S pattern. This pattern is usually forms when the stock prices reaches its all time high and at the top. - This pattern yet not completely formed but the love towards the patterns help me to project the things. - This is too early to get in any position. - All you can do is just wait for bounce from the neck line and let it form the...
High probability that it will get down till the support levels. must be a cake walk, even Rsi is showing weak signals.
Asian paints is currently developing Rounding Bottom Pattern in Daily timeframe. This move could easily take this stock to 1900 levels in this week. This stock may face major resistance around 1900 levels. if it breaks and sustains above 1900 then 2370 would be the short term target. But for this week you may but at 1850 target 1900.
Corrected about 13% from ATH during this Crash and recovered half of it. Status might change if it breaks below 1660 and/or below Blue Trendline.
Ascending Triangle Breakout.
Stock is clearly on FIB 23.6% support Level. If breaks 1779, further down side till 1726 possible.
Taking this setup based over FIB retracement and Wave B
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1. Major support broken down on daily chart which was 1720-1715 levels. 2. Next support as per TA is 1630 which is 0.618 FIB retracement of last parabolic move up. 3. If 1630 breaks that possibility of down towards 1500 seems look good. Trade Setup - Personally i am going to build up a short position from 1690-1710. - With stop loss above 1730 - Target 1 : 1630...
structure of fmcg gap , support , resistance , parallel channel all been shown in the chart BRITANNIA ITC HUL COLPAL DABUR CHECK ALL OUT
TRADE NIVESH | ASIANPAINT STOCK TODAY IS OPEN WITH HIGH BUT ACCORDING TO CHART ANALYSIS ITS IS BEARISH STOCK YOU CAN SELL AT INTRADAY HIGH POINT