Asian Paints: 39% upmove possible➡️Lowest P/E in 5+ years
➡️Same price as 2021
➡️Highest ever sales and EPS (hoping for trend following results)
Asianpaints
ASIAN PAINTS LTDAsian paints Looks like bottoming out.
ADX about to get a positive divergence and already fell from 50 level
RSI above 50
BUY on dips with a SL of 2770, for the target of 3040 and 3230
CHART & ANALYSIS
ADARSH DEY
ASIAN PAINTS : TARGET - Rs 1900 UPWARD MOVEMENTIf the Asian Paints Shares see significant resistance at the 2800 levels, we can expect a positive upward trend up to the Rs 2900 levels, where significant resistance is seen. For past few weeks Asian Paints is in accumulation phase and can expect upward movement in upcoming weeks .
Best buying level in Asian Paints !Asian Paints stock is making ascending triangle and in the pattern stock is making falling channel
Also Wekkly RSI is around the support which says we are around the support
Stock has strong support around 2800-2850
Also stock never breaks the weekly strucuture
we can see huge bounce from these levels
One can expect to give returns of 30-40% in coming weeks
Thank You !!
Long bet on ASIANPAINT.Symbol : ASIANPAINT
Currently Trading at 2948.
Trading at a good support area.
This stock is fundamentally good and currently trading at lower valuations than usual.
Long position can be made at CMP 2948 with SL below 2900 for targets of 3140-3230 & 3500.
P.S. : I've made long positions in Feb futures today & this is not a buy/sell recommendation. I'm just sharing my analysis & my position.
Asian Paints: Turnaround PotentialAsian Paints has been following its Time cycles on weekly chart exceptionally well.
As u can see everytime it enters the time cycle zone (red lines) it forms a low and rallies.
Price and Time confluence - is the most important way to trade markets.
Majority of us are focused only on prices but not on time which is essential for trader to trade profitably in markets and with consistency.
Expecting asian paints to reverse on upside as time is right and prices should follow. Price action above 3030 will confirm that this stock has bottomed out and ready to reverse on upside.
Asian Paints (200 EMA Pullback Seen on Weekly Time Frame)Asian Paints has bounced from 200 EMA on a Weekly Time Frame (2788). Now at 2853. It is possible that stock could head towards 2900, 3000, 3100, and 3200 in the next few months. View invalid below 2776 level.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
ASIAN PAINTAsian Paint Looking Goodt at Its Major Support with Perfect PinBar Creation, now it’s Ready for such a Long Targets
KEEP ON RADAR
AsiaN Paints Short time BreakoutAsiaN Paints FNO
1) Cup and Handle
2) VCP
3) Don;t know how it reveals itself, lets see together and ENjoy
Asianpaints Entry, Target EXPLAINEDAsian paints has been downtrending and consolidating for a while. A breakout has been observed from the consolidation along with positive divergence in momentum. Therefore we can expect the trend to change.
Current entry is 3000-3005, target 3060, Stoploss 2970
This trade is recommended with a 1:2 RRR
Happy Trading
Yamini Prabu
NSE&NISM Certified TA
Indenpendent Trader/Trainer
I am not SEBI Regd
Only for educational purpose.
BUY ASIANPAINTS AROUND 3000Asianpaints again taken a support from previous demand zone and expected an upmove towards 3280 odd levels until 2900 is intact on the downside closing basis.
Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on Tradingview.
Happy Trading!
InvestPro India
Head and shoulder in Asian paintA very nice and bullilsh pattern has formed in Asian paints at a support level. This is the classic head and shoulder pattern and the price is just breaking out from the neckline. The target is the depth of the pattern but it is possible that we see a lot more rally. In what has been a weak market it is good to see a bullish breakout.
ASIANPAINTS Breaking out 1 month of consolidation . Reasons To Enter : NSE:ASIANPAINT
1. Stock about to breakout after consolidating for a almost a month .
2. Crude Oil is going down , so considering the inverse correlation between crude oil and paint stocks , we can see demand going up as oil gets cheaper .
3. Stock closing above both 50-9 EMA
4.Breakout , retest already done . Now price might go up .
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The information provided is for informational purposes only and does not constitute financial advice. Investing in the stock market carries risks, and past performance is not indicative of future results. Individuals should conduct their research, consider their risk tolerance, and seek professional advice before making investment decisions. The accuracy and completeness of the information are not guaranteed, and the authors disclaim any liability for losses incurred based on reliance on this information.
ASIANPAINT - Will it take support or bounce back?ASIANPAINT - weekly chart looks interesting, the stock has been trading in this channel for the past 3 years. Everytime the stock comes to the bottom trendline, it takes support and bounces back.
What will happen this time? Will it take support and bounce or will it break down? Well, time will tell.... but watch out for a good trading opportunity.
ASIANPAINT : Whats next ASIANPAINT :
Stock is on an uptrend from the past couple of weeks and trading above most of the moving averages on Daily, Weekly, and Monthly time frames.
However, looking at the chart pattern - we see from 2021 Feb - it's forming a triangle pattern - and a breakout on either side should give a good opportunity to trade.
Considering the market trend overall -- Add the stock to the watchlist and also check out the Open interest and movement of 3300 CE -- and catch the wave for the short term.
Based on which side the stock tries to break the triangle - play on long term.
This is my view only.
Asian Paints : Multibagger IdeaExciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: ASIANPAINT
🔍 Description: Stock is in a pattern formation. Support is around 2850-2900 and we can see huge upside after breakout of the resistance.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Asian Paints : Multibagger Stock AnalysisAsian Paints is in a consolidation since 2 years.
Pattern formation : Symmetric Triangle.
Stock has corrected almost 25% from its highs.
Support Area is coming around 2850-2900
Targets are coming around 4750-4800
ASIAN PAINTS Accumulation ZoneIndia's favourite Paint stock is nearing a very strong Demand Zone. This can be a golden opportunity to accumulate the stock for long term. Do not miss this one.
Stop Loss: SL has to be below 2,700
Entry: 2,900 - 2,800 is a great accumulation zone
Target: ATH i.e. 3,500
Asian Paints about to break rectangle patternGiven that current uncertainity in global political conditions and crude volatility, paints whose major ingredient being crude might witness some correction.
Asian paints has been between 3400 and 3150 for the past three months.
If it breaks the above rectangle, can see correction up to 2700.
stl: 3200
tgt: 2700
Disclaimer:
I may or may not have any positions. I may come out any time.
trade at your own risk.
soon to start painting it in GreenThis is Asia Paint on day chart.
Clearly visible falling wedge in its C of ABC correction that started around 3550 levels.
I think it should start a reversal in a day or two.
Watch this out to add it to your long term portfolio.
All the best
Asian Paints near a break down.Asian Paints has been taking support from the 200 ema on the daily charts and is trading between both the moving averages.
The stock closed below the weekly 20 ema and today test the level and closed almost flat.
If the market remain in a bearish trend, there can be a short trade in the stock as it has test the support levels many times.
Entry :- Below 3150
Targets :- 3090, 3048
The stock today tried to move up but slowly came down and closed near the support levels of 3150.
Asian paints has been trading below both the moving averages on the hourly and 15 minutes charts.
Positional and swing trade can be initiated in the stock as it may take 2-3 days in hitting the targets.
Wait for the price action near the levels before entering the trade.
ASIAN PAINT AVOID LONGSEDUCATIONAL PURPOSE:
cmp 3196
Crude prices crossed 94 usd recently .
either buy at support or at rsi support.
not a short sell trade.
Note: for educational purpose and not a trading idea.
AsianPaintHere, is the chart of AsianPaint.....
Target has been mentioned....
Educational purpose only..
