Hare Krishna!
Sharing for educational purpose to learners.
As per my idea of selling Asian Paint in the below linked ideas.
Took the position on 12 Sep.
Example of Professional Trading involving patience and precision.
Losses will come but profits will outshine them in the long run.
Good Luck
This is a Retracement Move Expectation.
I am looking at a possibility of a further 80-90 points drop to find genuine buyers again near 1470
I will be looking to find good sell setups to enter.
Good Luck
HARIBOL !
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
R:R is good.
The bulls loosing its ground to bears,1600 to 1610 zone is very important if any green candle with huge volume formed can make new high else it may go down.
Was impatient w/ previous idea, and it failed miserably. It looks weak only holding below 1582 w/ sl 1599, trg 1572, 1558, 1532, 1480.
Look to sell around 1615/17, w/ SL 1639 for trg mentioned above.
Regards,
Sharma Yogesh
Follow on twitter @piyushrawtani for live trading ideas.
#asianpaints strong breakout from the top , expected to reach height of prior range which is around 1650 , View valid as long as stays above 1540 .
ASIAN Paints is downtrend on short term, but uptrend on Long term. I marked the trend channel with control lines in charts, the prices oscillates within channel.
Cycle 1 - (Short Term Target)
Target 1: 1434
Target 2: 1401
Target Date : 23rd Sep, 2019
Cycle 2 (Long Term Targets)
Target : 1726
Target Date : 18th Jan, 2021.
Asian Moving Towards R2 On Daily Time Frame, with support of Monthly Trend line.
Target Based on Daily Pivot: 1608
Please review Chart and any suggestions will be appreciated.
Thanks!
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