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Asianpaints

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
INTRADAY | ASIAN PAINTS | FOR THOSE WHO MISS THE TRADETwo days before, posted a Sell signal of Asian paints before breakdown of WEDGE pattern, those who entered made good profit. here is another chance to enter.... Major support zone - 1595 to 1600..ENTER only if it breaks otherwise a reversal can be seen. Sell below 1595 Target 1- 1580 target 2- 1570 target 3- 1560 SL- Use strictly Tight stop loss according to your risk Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
NSE:ASIANPAINTShort
by CKDZ
Pair - Asian Paints, Berger PaintsThe pair ratio was consolidating for 3 years (Nov'16 - Oct'19) in the range of 3.899 - 5.030 It broke down in Oct'19. 161.8% retracement of the above consolidation was at 3.201. The ratio made failed attempts to breakdown below this level, only to revert back to 3.899. The ratio has again reached (almost) the same retracement level of 3.201, with RSI making higher lows. As long as the ratio is above 3.201, it would attempt to move up to 3.630, 3.899
NSE:ASIANPAINTEducation
by Mridu_A
IS ASIAN PAINTS IN RALLY MODE OR READY TO FALL !1Brief Summary of Asian paints. 1. See this stock has completed its one leg of fall near 1440 . Second leg is going on . If the recent low near 1482 is structure changing point that is not confirmed yet , then it will cross the tough resistance at 1720. Other wise , The fall started near 1840 will continue . This upward move will be considered pullback if stock face resistance at current price. I circled green color move that is at resistance if it is pull back this should not be taken out on daily basis. Means can breach but next candle should not close above breached candle. Then this will become pull back and down trend will be resumed. 2. On the contrary if taken out condition is fulfilled then this pullback which I assume will become trend changed to upside. And long positions can be taken positional with the target of upper blue zone. 3. There is one red dotted line if this line is taken out then full satisfaction of down trend will emerge. In Fact if blue and pink resistance work then I will short for the target of dotted red line. Because the assumed pullback can convert its structure from that point to long. If that dotted line is taken out then you can see new low in Asian paints. 4. See up move in green circle showing price increase where as volume decreasing . It is at good resistance so this up move can be pullback. 5. Lower zone white color will provide strong support in any case down ward moves get confirmed by taking out red dotted line then this would be target of shorts. I explained every condition of trade if you have little part of basic understanding of stock movement and little knowledge of timing then can be fruit full either sides. 6. My personal biased is short till red dotted line. For Investors If red dotted line condition is fulfilled in down side then they should wait for investing till price comes in white zone. Otherwise can invest at red dotted line when condition show favor of long. Rest price will decide. Note. I am not giving any advice for trading or investing always consult your financial planner before taking any position either sides. Yogesh Vats
NSE:ASIANPAINTShort
by yvatsji
12
Asian Paints: Trend analysis (Long bias)Weekly Time-frame: Prices took support from long term support level and week ended with long wicked bullish candle. (long bias) Daily Time-frame: While analyzing weekly long wicked bullish candle, on daily time-frame prices broke the down trend-line with strong bullish momentum candle which signify possible trend change. 4H Time-frame: After breaking down trend-line on daily time-frame, prices also broke the immediate resistance zone/level with the momentum and made a higher high which confirms the up-trend. So, wait for pullback to occur towards support zone (above resistance zone which will act as a support now) for safest long trade. Conclusion: This price action on every time-frame confirms long bias so one can initiate a long trade once prices come out of this zone with stop-loss below support zone keeping own risk to reward ratio in mind.
NSE:ASIANPAINTLong
by SwapnilNemade