Asianpaints
🎨 asian paints ltd keep on radar for short NSE:ASIANPAINT
as you can see on charts this is one of strongest advance harmonic pattern which you can't find in any book or video. as per this pattern stop loss is quite big so i suggest that if you know reversal then only trade on this for short. one can use their own trade setup to trade on this for short.
Asian paint: 2702 is resistance as per this pattern so trade accordingly.
******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.
Expect a fall soon..Asian paints loosing its bullish momentum. Now expect a high retracement on upcoming days. Positional traders book profits on next highs or strictly trial profits. Want to take ptofits in retracement, follow us and the proper point where the market starts retracement for paid members only. Now wait and watch:-)
ASIAN PAINTS BREAKING PROBABILITYIt has high probability to break the channel patter as shown. if breaks it can give very good gains from the breaking positions. more probability to break the down channel side due to profit booking.
# For Educational purpose only#
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Asian paint stock studyI have been studying stocks for the past couple of months (6 months) to be precise, and have been learning different types of chart techniques.
Have been looking at the Asian Paints stock for study purposes and this is something that caught my eye.
If we consider the uptrend that the stock has been doing and, look at the short term downtrend, can this be considered as a breakout?
Please, note that I am not a professional trader, and am looking just for increasing my knowledge before I step into trading.
All comments are welcome.
Positional View of Nifty50 Stocks for 24-11-20ADANIPORTS - Current Position is Sell, sold on 2020-11-19 at 387.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if ADANIPORTS closes above 380.61
ASIANPAINT - Current Position is Buy, bought on 2020-11-23 at 2168.82. Action for Next Trading Day: Continue LONG and reverse to SHORT if ASIANPAINT closes below 2177.59
AXISBANK - Current Position is Sell, sold on 2020-11-19 at 619.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if AXISBANK closes above 604.50
BAJAJ-AUTO - Current Position is Buy, bought on 2020-11-20 at 3034.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJAJ-AUTO closes below 3064.18
BAJAJFINSV - Current Position is Buy, bought on 2020-11-02 at 5601.40. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJAJFINSV closes below 8474.17
BAJFINANCE - Current Position is Buy, bought on 2020-11-20 at 4589.90. Action for Next Trading Day: Continue LONG and reverse to SHORT if BAJFINANCE closes below 4710.88
BHARTIARTL - Current Position is Sell, sold on 2020-11-23 at 478.57. Action for Next Trading Day: Continue SHORT and reverse to LONG if BHARTIARTL closes above 481.47
BPCL - Current Position is Buy, bought on 2020-11-23 at 389.94. Action for Next Trading Day: Continue LONG and reverse to SHORT if BPCL closes below 387.49
BRITANNIA - Current Position is Buy, bought on 2020-11-19 at 3503.92. Action for Next Trading Day: Continue LONG and reverse to SHORT if BRITANNIA closes below 3548.40
CIPLA - Current Position is Buy, bought on 2020-11-23 at 741.65. Action for Next Trading Day: Continue LONG and reverse to SHORT if CIPLA closes below 744.55
COALINDIA - Current Position is Buy, bought on 2020-11-23 at 122.74. Action for Next Trading Day: Continue LONG and reverse to SHORT if COALINDIA closes below 121.23
DIVISLAB - Current Position is Buy, bought on 2020-11-20 at 3442.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if DIVISLAB closes below 3517.27
DRREDDY - Current Position is Buy, bought on 2020-11-23 at 4707.09. Action for Next Trading Day: Continue LONG and reverse to SHORT if DRREDDY closes below 4786.47
EICHERMOT - Current Position is Sell, sold on 2020-11-19 at 2566.10. Action for Next Trading Day: Continue SHORT and reverse to LONG if EICHERMOT closes above 2621.47
GAIL - Current Position is Buy, bought on 2020-11-20 at 93.90. Action for Next Trading Day: Continue LONG and reverse to SHORT if GAIL closes below 99.61
GRASIM - Current Position is Sell, sold on 2020-11-23 at 853.16. Action for Next Trading Day: Continue SHORT and reverse to LONG if GRASIM closes above 859.10
HCLTECH - Current Position is Buy, bought on 2020-11-20 at 813.95. Action for Next Trading Day: Continue LONG and reverse to SHORT if HCLTECH closes below 831.48
HDFC - Current Position is Sell, sold on 2020-11-19 at 2336.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if HDFC closes above 2273.47
HDFCBANK - Current Position is Buy, bought on 2020-11-20 at 1383.93. Action for Next Trading Day: Continue LONG and reverse to SHORT if HDFCBANK closes below 1382.33
HDFCLIFE - Current Position is Buy, bought on 2020-11-20 at 657.11. Action for Next Trading Day: Continue LONG and reverse to SHORT if HDFCLIFE closes below 649.40
HEROMOTOCO - Current Position is Buy, bought on 2020-11-23 at 3024.60. Action for Next Trading Day: Continue LONG and reverse to SHORT if HEROMOTOCO closes below 3038.20
HINDALCO - Current Position is Buy, bought on 2020-11-23 at 217.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if HINDALCO closes below 215.74
HINDUNILVR - Current Position is Buy, bought on 2020-11-23 at 2140.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if HINDUNILVR closes below 2121.32
ICICIBANK - Current Position is Sell, sold on 2020-11-19 at 490.00. Action for Next Trading Day: Continue SHORT and reverse to LONG if ICICIBANK closes above 473.75
INDUSINDBK - Current Position is Buy, bought on 2020-11-23 at 836.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if INDUSINDBK closes below 826.28
INFY - Current Position is Buy, bought on 2020-11-20 at 1106.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if INFY closes below 1128.79
IOC - Current Position is Buy, bought on 2020-11-23 at 85.50. Action for Next Trading Day: Continue LONG and reverse to SHORT if IOC closes below 85.92
ITC - Current Position is Buy, bought on 2020-11-19 at 185.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if ITC closes below 189.49
JSWSTEEL - Current Position is Buy, bought on 2020-11-20 at 332.97. Action for Next Trading Day: Continue LONG and reverse to SHORT if JSWSTEEL closes below 334.13
KOTAKBANK - Current Position is Buy, bought on 2020-11-17 at 1788.44. Action for Next Trading Day: Continue LONG and reverse to SHORT if KOTAKBANK closes below 1879.03
LT - Current Position is Buy, bought on 2020-11-17 at 1077.15. Action for Next Trading Day: Continue LONG and reverse to SHORT if LT closes below 1109.36
M&M - Current Position is Buy, bought on 2020-11-17 at 639.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if M&M closes below 688.33
MARUTI - Current Position is Sell, sold on 2020-11-19 at 7019.66. Action for Next Trading Day: Continue SHORT and reverse to LONG if MARUTI closes above 7030.57
NESTLEIND - Current Position is Buy, bought on 2020-11-19 at 16858.21. Action for Next Trading Day: Continue LONG and reverse to SHORT if NESTLEIND closes below 17567.85
NTPC - Current Position is Buy, bought on 2020-11-19 at 89.27. Action for Next Trading Day: Continue LONG and reverse to SHORT if NTPC closes below 92.47
ONGC - Current Position is Buy, bought on 2020-11-23 at 72.06. Action for Next Trading Day: Continue LONG and reverse to SHORT if ONGC closes below 75.19
POWERGRID - Current Position is Buy, bought on 2020-11-19 at 185.54. Action for Next Trading Day: Continue LONG and reverse to SHORT if POWERGRID closes below 193.14
RELIANCE - Current Position is Buy, bought on 2020-11-23 at 1951.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if RELIANCE closes below 1933.71
SBILIFE - Current Position is Sell, sold on 2020-11-19 at 852.92. Action for Next Trading Day: Continue SHORT and reverse to LONG if SBILIFE closes above 838.40
SBIN - Current Position is Sell, sold on 2020-11-19 at 247.80. Action for Next Trading Day: Continue SHORT and reverse to LONG if SBIN closes above 243.68
SHREECEM - Current Position is Buy, bought on 2020-11-20 at 23827.30. Action for Next Trading Day: Continue LONG and reverse to SHORT if SHREECEM closes below 24088.44
SUNPHARMA - Current Position is Buy, bought on 2020-11-23 at 505.05. Action for Next Trading Day: Continue LONG and reverse to SHORT if SUNPHARMA closes below 510.06
TATAMOTORS - Current Position is Sell, sold on 2020-11-19 at 168.34. Action for Next Trading Day: Continue SHORT and reverse to LONG if TATAMOTORS closes above 175.06
TATASTEEL - Current Position is Buy, bought on 2020-11-03 at 407.50. Action for Next Trading Day: Continue LONG and reverse to SHORT if TATASTEEL closes below 533.22
TCS - Current Position is Buy, bought on 2020-11-19 at 2637.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if TCS closes below 2707.88
TECHM - Current Position is Buy, bought on 2020-11-20 at 829.00. Action for Next Trading Day: Continue LONG and reverse to SHORT if TECHM closes below 855.33
TITAN - Current Position is Sell, sold on 2020-11-23 at 1344.09. Action for Next Trading Day: Continue SHORT and reverse to LONG if TITAN closes above 1359.78
ULTRACEMCO - Current Position is Buy, bought on 2020-11-20 at 4812.61. Action for Next Trading Day: Continue LONG and reverse to SHORT if ULTRACEMCO closes below 4842.51
UPL - Current Position is Buy, bought on 2020-11-20 at 418.79. Action for Next Trading Day: Continue LONG and reverse to SHORT if UPL closes below 423.57
WIPRO - Current Position is Buy, bought on 2020-11-20 at 344.41. Action for Next Trading Day: Continue LONG and reverse to SHORT if WIPRO closes below 353.71