We can clearly identify a five wave structure . No matter which degree wave it is , but after every five waves up there should be a three wave correction. On a lower degree the nature of fall suggests that the correction will be most likely a zig-zag correction. One should go short on current level or on any rise keeping SL of 3500 & look downside for the...
Financials : For the quarter ended 30-06-2021, the company has reported a Consolidated Total Income of Rs 5,674.97 Crore, down 15.64 % from last quarter Total Income of Rs 6,726.84 Crore
and up 91.09 % from last year same quarter Total Income of Rs 2,969.75 Crore. Company has reported net profit after tax of Rs 576.82 Crore in latest quarter.
The Construction...
In the stock AsianPaint Price is ready to shift in down trend after a excellent bullish trend. Price give us breakout of bullish trend line now we can short. keep watching this stock
Asian Paints Daily Time Frame Analysis
Strong Base at 3150-3180 zone
Minor Resistance at 3400 zones
After profit booking session of 1 week expected a bounce from this base
I have already initiated my position at 3200 with a stop loss of daily closing below 3170
Targets are mention on charts
1st target at 3500 as after this we can possibly see a double top so...
Asian paint is looking for buyers demand from this 3160-3180 levels for upside rally upto 3390 in short run.
STOP LEVELS BELOW 3150
{Views are only for educational purpose.}
Ascending Triangle Pattern Breakout on NSE:ASIANPAINT
Best buy CMP & add more near Trendline Support
Target 1 - 3735
Target 2 - 4126
Stop Loss - Daily closing below 3240
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Asian paints is back to retest the previous resistance.
A very important trendline lies in the same region.
This confluence of support will be confirmed if any bullish candle is formed here.
The risk to reward will also be favourable.
#ASIANPAINT #daily
- Any price drop to support zone and trendline will be good buying opportunity
- If market sentiment is -ve, then wait for correction till 50EMA
- VOL has been good
#trading #priceaction #investments #tradingview
A festive season is around the corner and people start to renovate their infrastructure (homes, factories, offices, etc.) and I'm eyeing Asian paints and Berger to capitalize on this consumtion.
Target:- 3811
Stop Loss:- 3246
Duration:- 6 to 8 Weeks
The stock has already break the resistance line and test that resistance line again and used as a support line, showing a bullish candle, which is an indication of upside move. So we can buy this at market order. Use proper stop loss and maintain discipline throughout...
