Stock has been trading above weekly trendline from past 2 years.
whenever it touches trendline, it takes good support and bounces back.
Entry at trendline support on closing basis and bullish price action like pin bar or engulfing we can enter.
Even we can sell OTM put or we can create bull call spread, it will give you good returns (RISKY) .
Please follow...
Got Long in Asian Paint
Reason:
Upward sloping triangle breakout.
shall be doing pyramiding.
Note: Don't follow my trade. I am not a Sebi register advisor.
Asian Paints has given the breakout of previous high and we expect the stock to reach to upper marked levels.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Asian paint has started the impulsive sub-wave 'iii' of wave 5. Price has crossed the high of wave 'i', which is the signal of impulsive behavior of wave 5.
A long position can be initiated after a pullback when price penetrates on wave 'i' to take support. And that cannot be a barrier for long-term investors. They can jump on it.
But if you are a short-term...
educational idea
Asian Paints has given the breakout and we expect the stock May go for given target levels . to inspire us,Please like the idea If you agree with the analysis.
Range Breakout Done
Relatively stronger than Nifty
4000 seems to be targets according to charts.
Time Frame : 3-6 months.
***Ideas are for education purpose only ***
The chart is self-explanatory. The stock seems to give a breakout. If sustains above 3300 levels in the coming days, can go to 3500.
Only for learning and sharing purposes, not a trading recommendation in any form.
All the best.
The stock has shown a bull run in the last sessions. One may wait to enter at a less price when retraces. If the rally continues, this may go to 3500 and above. One may exit below 3160 or according to their risk management. Risk management is on priority anytime/every time.
Only for sharing and learning purposes, not a trading recommendation.
Please comment on...
Asian Paint has broken the resistance zone with strong good Green candle.
Can create new all time high.
Trade with Appropriate position sizing and risk managebment.
We can clearly see long channal pattern .
Chart is very clear adn self explanatory .
entry can be made now .
we can expect that chanal to continue again .
happy trading .
please do your own reseach before takigany trade .
