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#asianpaints #nifty looking weak at all time highs . expecting break below flag to test levels of 1625 .
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...
The stock has witnessed sell off during past few weeks. Currently the stock is at an very important support level – 1670. A move down from this level will not be a good sign for the buyers and the stock may fall down further and test 1560 levels. The RSI is just at the support levels, a pull back here has to be monitored and seen for bullish continuation signals....
Asian Paints: After extended north run the stock corrected. The RSI has moved into neutral zone. The prices are now hovering around a minor support at the kumo. There has been a negative TK cross with CS drifting below the prices. The correction seems not over yet, a small pullback can be followed by a correction further pushing the prices to 1670 levels (very...
IT IS TRADING BETWEEN TREND LINES IN A WEEKLY CHART NOW AT TOP AS DESCRIBED BY THE SQUARE 7 CANDLES HAVE BEEN REJECTED BY UPPER TREND LINE STOP LOSS IS 1840 TARGETS ARE GIVEN WITH BLUE ARROWS AND FINAL TARGET IS LOWER TRENDLINE UNLESS SOME BIG BOOSTER POSITIVE NEWS COMES FOR MARKET IT WILL DIVE DOWN
NOTE: FOR EDUCATION PURPOSE ONLY NO ADVICE
The meteoric rise that we have witnessed over the past two months in this counter by 80% has been nothing short of a spectacle. However, now it looks like the paint is beginning to loose its sheen and the formation of bearish harami with a trendline breakdown is hinting at a potential reversal to the downside. The momentum indicator RSI is clearly signaling serial...
IT IS CLOSED BELOW LOWER TRENDLINE NOW THE FIRST TARGET IS THE GAP AS MENTIONED ON THE LEFT SIDE THAT IS 1705 IF CLOSED BELOW GAP 2ND TARGET IS 1655 STOP LOSS MAY BE 1790 SLIGHTLY ABOVE TRENDLINE :)
NOTE: FOR EDUCATION ONLY NO ADVICE
Follow on twitter/telegram @piyushrawtani for live trading ideas.
ASIAN PAINTS has broken out of flag and pullback . Can go long above 1830 with SL 1715 and targets of 1950-60.
TREND ANALYSIS & TRADE SETUP
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.
Appreciate via Liking and Commenting , which boost up my moral for More Post with perfect Entry Exit Target setup.
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