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.
Asianpaints
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 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.
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.
Ascending Triangle in Asian Paint.NSE:ASIANPAINT
The Stock has been consolidating for almost 2.5 years and it has formed a ascending triangle formation which can trigger a breakout and start a trend continuation and take the price to new highs.
The Targets are projected on the basis of fib-extensions.
All important levels and logic is explained on chart.
I hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
ASIANPAINT SHORTENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Asian Paints W PatternAsian Paints has formed W pattern on daily chart. We can take a swing trade here.
Entry:
We can go long after close of strong bullish candle near neckline of W pattern.
Target:
We can keep Target1, Target2 near the next resistance zones as marked on chart.
Stoploss:
We can keep stoploss below the neckline of W pattern.
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#NIFTY WAVE COUNT. Whats next ?NSE:NIFTY
Nifty Analysis for next week.
#Impulse wave + correction wave
Nifty last correction wave ended on the 22nd of May and it triggered the start of an impulse wave and successfully Completed three waves and then we are now in wave 4 and this correction wave can complete around the 18455 - 18400 zone.
To start a wave 5 needs to break a range of 18,580, a target price of 18850.
Some stocks:-
1. Deepakntr
2.Aartiindus.
3. Asianpaint
I hope you like the idea.
please like and comment with your views on this idea.
Keep learning,
Happy trading.
Thank you for watching.
Asian paint to take long entryAsian paint in the consolidation stage can be expected a BO very soon. Long after the BO between 3140-3145 with SL of 3040. Target 3250-3300 can be soon. Keep the stock in your watch list. The structure of the stock is bullish. This is for your educational purpose only.