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Asianpaints

Asian Paints to trade sideways. Strategies:- Intraday traders Buy/Entry : Trigger Price: 1672, Buy Price: 1688, Target Price: 1724, Stop Loss: 1770, (*Trailing stop loss with step of Rs 4) Positional traders Buy/Entry : Buy Price: 1668-1672, Targets: 1724-1761-1791. * Do not put stop losses here. If stock breaches 1665 and continue to move downwards do not panic. Next buy level is 1622 and 1596. These are very strong supports. The Stock is expected to move back to 1826 within two weeks time. Note : Intraday Traders who prefer to short sell, rather than buy trades, may follow below strategy only if stock opens between 1696-1702. Sell/Exit : Sell Price: 1698-1702, Stop Loss: 1725, (*Trailing stop loss with step of Rs 4). Target Price 1668-1674
NSE:ASIANPAINT
by shikhagupta2589
2
Asian paint structure looks weakAnalysis: It has formed a flag structure after an impulsive move, cmp can be shorted for target 1674/59/42 (intraday/swing). With stop 1708. Thanking you, Kalpana Burman Disclaimer: The data and information provided in this published idea is not an advice and should not be relied upon as such. Neither the information, nor my opinion contained in this idea constitute a solicitation or offer by me to buy or sell any securities, futures , options or other financial instruments. The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy. This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position. Please keep supporting and engage in the comment section.
NSE:ASIANPAINTShort
by KalpanaBurman
ASIANPAINTS Bearish Trend ContinuationAsianpaints on 1 hour time frame is trading between 2 important zones as shown in the chart. A break of the lower side of ZONE2 at 1577 could push the price further down following a Bearish ABCD pattern. Furthermore, Fibonacci levels plotted over the last bearish swing shows retracement levels of 61.8% and 50% in ZONE1, signalling a possible reversal from those levels. Short at a breakout below 1577 TGT1: 1560 TGT2: 1540 NOTE: -Trade will be valid until and unless price closes above ZONE1. -Trade with confirmation of momentum & volume on lower timeframes in intraday.
NSE:ASIANPAINTShort
by tradepurge
IS ASIAN PAINTS READY TO SHORT FLY OR LONG OR FALL !!Hi Traders , Two weeks back I posted the coming move in this stock where I shared some conditions to watch and trade . Let us see where these stand today. In point no. 3 what i wrote is quoting for your consideration " there is one dotted red line if this line is taken out then full satisfaction of down trend will emerge . you can see this is not taken out yet so chances of going down has not emerged. In point no.4 "see up move in green circle showing price increase where as volume decreasing. so this up move can be pullback." Point to be noticed is divergence in volume and price result into decline of price that is circled in white. That is why I said this up move a pull back. But here new question arises if it is so then red dotted line should be taken out to resume down trend. But without reaching to that level buying seen with good volume. Has price ready to move up . see if the yellow dotted trendline is taken out on 2 hrs chart then first clue of going up will be confirmed then one has to plan his/her trade finding buy set up on lower time frame of 1 hr, with the target of red zone. Once your sl hits then do not try again in this scrip. after crossing blue zone the probability of going up will increase . This is weekly trade once completed search other. Rest market will decide. YOGESH VATS Note - All trading should be done by consulting your financial advisor.
NSE:ASIANPAINT
by yvatsji