India's favourite Paint stock is nearing a very strong Demand Zone. This can be a golden opportunity to accumulate the stock for long term. Do not miss this one.
Stop Loss: SL has to be below 2,700
Entry: 2,900 - 2,800 is a great accumulation zone
Target: ATH i.e. 3,500
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Given that current uncertainity in global political conditions and crude volatility, paints whose major ingredient being crude might witness some correction.
Asian paints has been between 3400 and 3150 for the past three months.
If it breaks the above rectangle, can see correction up to 2700.
stl: 3200
tgt: 2700
Disclaimer:
I may or may not have any positions....
This is Asia Paint on day chart.
Clearly visible falling wedge in its C of ABC correction that started around 3550 levels.
I think it should start a reversal in a day or two.
Watch this out to add it to your long term portfolio.
All the best
Asian Paints has been taking support from the 200 ema on the daily charts and is trading between both the moving averages.
The stock closed below the weekly 20 ema and today test the level and closed almost flat.
If the market remain in a bearish trend, there can be a short trade in the stock as it has test the support levels many times.
Entry :- Below...
EDUCATIONAL PURPOSE:
cmp 3196
Crude prices crossed 94 usd recently .
either buy at support or at rsi support.
not a short sell trade.
Note: for educational purpose and not a trading idea.
NSE:ASIANPAINT
The Stock has been consolidating for almost 2.5 years and it has formed a ascending triangle formation which can trigger a breakout and start a trend continuation and take the price to new highs.
The Targets are projected on the basis of fib-extensions.
All important levels and logic is explained on chart.
I hope you found this...
Bullish Harami with Volumes in Daily TF
Made at breakout retest zone
Inv Head and Shoulder can be seen.
Breakout on 12th June was also with volumes.
Entry can be at CMP with Target 3400
SL below previous day Red candle at 3240
+ stoploss is Less from the current level and reward is high
+ fundamentally good stock available at discounted discount
+ #harmonic pattern suggest reversal signal on long side
+ trade with proper logic and not greed
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Asian Paints has formed W pattern on daily chart. We can take a swing trade here.
Entry:
We can go long after close of strong bullish candle near neckline of W pattern.
Target:
We can keep Target1, Target2 near the next resistance zones as marked on chart.
Stoploss:
We can keep stoploss below the neckline of W pattern.
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NSE:NIFTY
Nifty Analysis for next week.
#Impulse wave + correction wave
Nifty last correction wave ended on the 22nd of May and it triggered the start of an impulse wave and successfully Completed three waves and then we are now in wave 4 and this correction wave can complete around the 18455 - 18400 zone.
To start a wave 5 needs to break a range of...
