I have created a mathematical indicator and for that Asian Paints have 95% profitable accuracy.
Some Last Trades:
Trade # Type Signal Date Price Contracts Profit Cum. Profit Run-up Drawdown
14 Entry Long long 18-02-2015 839.1 1 181.35 961.05 181.35 146.1
Exit Long close 01-06-2016 1020.45 21.61 % 0.18 % 21.61 % 17.41 %
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.
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.
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
Asianpaint has come out of consolidation and has given a breakout from triangle pattern.
It has crossed its ATH(All Time High) with good volumes.
Its an evergreen stock and sector. A large cap and must be there in everyone's portfolio.
Buy them at this price and wait for good returns over the years.
As expected in old idea ( "Asian Long" ), Asian paint move upward direction and made all time high. And its upward movement will be continued up to 2100, then it can show retracement to continue next target 2260 to 2350.
Disclaimer:- This idea is not for a trading call or tips, it is learning purpose only. Please understand your risk...