Asian Paint Bullish tradeAsian Paint bounce back from its Weekly Upward Channel Support. It is also bouncing back from the 100 day EMA dynamic support level. Can go long.
SL- Below the Upward Channel Support.
Target- Upward Channel Resistance.
Asianpaints
Asianpaint levels for 23-Mar-2020(Intraday)Multiple trend line trading...
Buy above 1765 for 1780,1810,1850+++
Sell Below 1720 for 1700,1670,1620+++
Critical zone+ 1720-1765(sideways)
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Gap up/down for entry wait for break further levels
Asian PaintsWeekly chart have seen a perfect bounce from a bullish Ichimoku Kumo, which coincided with a Bullish Harmonic Alt Shark in daily time frame. In hourly it appears to be consolidating after doing a 38% retracement. Support comes in at 1530-1510 which had decent volumes, below that retest of Alt Shark 1.13 at 1470. Immediate resistance 1670, above that 1725. So far among the rare stocks to withstand the bear onslaught.
Asianpaint levels 16-Mar-2020(Intraday)Asianpaint levels on swing breakout strategy
Above 1845 for 1855,1880,1920
Below 1770 for 1760,17351690
Critical Zone-1770-1845(sideways)
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Small last push?Before breaking the trendline support, we might see small push towards 1916 again. Look to sell at top or after the breakdown.
Regards
ASIAN PAINTS DO NOT BUYIT IS RESPECTING CHANNEL LINE AND NATURALLY HAS TO FALL TO LOWER LINE EVEN IF IT BREAKS CHANNEL STOCK CAN NOT STAY OUT OF CHANNEL FOR LONG GOOD LUCK
Asian paintsAsian paints testing previous resistance.. hanging man pattern formed...this may give small down trend and again pull back and may test 3.168
ASIANPAINTS Strong at all time highs Long SetupRectangle breakout after consolidation. Can go long above 1843 and SL 1785 .
SHORT ASIANPAINTLEVELS ON CHART SEEMS BEARISH, FACING RESISTANCE ON 4HOUR CHARTS AND CREATING RSI DIVERGENCES ON DAILY AND 4HOUT CHARTS.
Asian Paints - Study - Long - Above 1822Asian Paints forming Ascending triangle, breakout above 1822 will open room for Bulls.
Targets Open, Stoploss 1762
