Asian Paint is in the range for break outHave been consolidating with SMA 50 and SMA 200 lines in sync.
The stock also follows Fib retracement (2400 Levels). Look out for this in the next 7-10 days.
Views welcome.
Asianpaints
Beginner's analysis.Hey traders,
Here's an analysis of ASIANPAINTS, the stock has given a breakout of the trendline.
We can expect some good upmoves, let's see, if it sustains.
Levels mentioned on chart,
Do your own analysis berfore taking the trade.
Guys, Keep supporting and guide me if there's any mistake or there to improve please comment.
ASIANPAINT - CORRECTION OVER? SWING TRADING LEVELS
Wait for the price to sustain above the trendline and marked zone.
Buy above 2182 level.
Go Short if the price gets rejected from 2180 level.
Use appropriate risk-reward ratio.
Always use a stop loss.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
Asian Paints good Buy opportunityOne can consider buying this as it is on its crucial support. On 1st december it has given the breakout and now after 3 months it is again on the same level. Basically it is retesting after breakout. Further one can wait for the trendline breakout and then go long. Otherwise buy at support level 2248 and 48 pts below is the stop loss. Targets are mentioned in the charts.
Asian Paints Looking Good!Asian Paints didn't go below the high of november 2020. Which will act as a strong support zone. A 10% upside looks achievable with a risk reward ratio of 1:3
asian paintsi think asaian paints will retest its support region and bounce towards new highs , according to my system its kind of bearish now . can retest the previous support levels , one of the reson behind the short postion is becuse the crude oil prices are hiking up , so there is a chance that the paint sector be a in little down trent for some time. its my view only
Asian Paints Buy above 2420 Asian Paints:
Buy above 2420 SL 2385
Target: 2436, 2452, 2468
Posting for Educational purpose only
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
Asian paints keep accumulating Keep accumulating Asian paints till 2200 for short term ( 1 to 3 months )
Asian Paints is again at .618 LevelThe stock closed around 0.618 Fibonacci retracement level and expected to give a bounce from these levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Asian Paint Chart AnalysisAsian Paint was making a series of Lower Lows and Lower Highs. A line has been drawn in the chart connecting the Lower Highs. Also, Asian Paint is now resting at its long-term trendline support. If the support is not broken and the price stops making Lower Highs then we can go long for the targets mentioned in the chart. However, if the trendline support is broken then the next level can be 2241.25.
Long position on Asian PaintsIn the chart, we can see a formation of rounding bottom along with double bottom chart pattern. RSI Divergence supports the bullish view. Long options can be bought. Asian paints can be seen touching the levels of 2800+ by the last week of March.
#banknifty- The rangeBanknifty looks weak below 36278(if sustains) for 36024 and 35870.
Banknifty seems bullish above 36674(if sustains) for 36981 and 37160.
Also, do you remember my Gann levels? Do you want it to add again on nifty and banknifty?
If yes, do comment and give a like, so that I can put more efforts and be motivated.
Regards
ASIAN PAINT - GOLDEN OPPORTUNITY To BuyChart explains everything.
You can buy small quantity now and add till 2670. SL - 2640.
Asian Paints :: Taking support at 61.8% retracementIn the hourly chart, we can clearly see that Asian Paints is taking support at 61.8% Fibonacci retracement. Take long positions guys for longer targets.
🎨 AsianPaint 🎯 #asianpaint #nifty #bankniftyNSE:ASIANPAINT
at crucial level if break then will touch below level and if reverse from here one can long from here as well.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Asian Paints failed to reject down trendAsian Paint Failed to break down trend
Safe traders buy above 2530 risk traders buy above 2500
Targets 2600,2650
Sl 2430
Hold ASIANPAINTS , there will be positive breakout in next week.Stock could be in sideways for some days then 95% possibility of the big bull run. So keep your eye on it.
And if you are a beginner then must use paper trade facility. Don't forget to follow.
Thank you.
