ASIAN PAINTS GO SHORTstrictly for the education purpose only. maintain 6% stop loss to gain 18% . it would be arox 1:3
Asianpaints
Asian Paints: Chart set up and trading strategyAsian Paints
- After 3 Black crows candle stick pattern, recovery in the stock has been tepid so far
- The tepid recovery is also due to rise in crude oil prices during the same time.
- Given the setup, one may consider to sell Asian Paints 3500 Call Option around 50 (October series)
Keep a close watch if Asian Paints closes above 21 day EMA ( currently around 3386) and or crude prices cools off drastically
Take care & safe trading
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
buy at current levelslooks like asian paints is geared up for new all time high.
got good rejection from 3300. so we will keep this as stop loss. final 3550 short term target. once ATH is broken then 4000 also possible.
ASIAN 'PAINT' ready to break 'PENNANT' !!!ASIANPAINT is ready to breakout from a decent consolidation which was
under construction for more than 1 month.
It has formed a pennant pattern after a strong up move and now it seems that
the stock is ready to resume the up trend again.
The rising RSI further confirms the strength of the stock.
Breakout Possible in Asian PaintHello Friends,
As the prices of crude oil dropping the scrip is moving higher high. Now the scrip is trading near ATH and getting it self ready for another breakout to reach ATH. Consolidating near resistance and forming a Flag type pattern. Once the resistance is broken then we may see a strong up-move in this scrip,
#Note -The purpose is for analysis for education and not a trade recommendation, We don't give any guarantee of Profit or loss So trade on your won risk.
Asian Paints
Flag and Pole was formed in 1hr TF, the target has almost been achieved.
There is a crucial level of 3563 is a strong resistance.
Price increasing and Volume is decreasing also indicates bearishness.
On top of the trend price is forming a bearish divergence.
On a daily timeframe, there is a inside bar formation.
Asian Paint Short Opportunity !The Price of Asian Paint is in a Supply Orderblock. Sellers may step in here !! This analysis is based on Smart Money Concept.
Asian paintShort aisan paint below 3300
Swing trade with sl 3415
With 2 target 3110 , 3050
Based on price action
Disclaimer - I'm not responsible for profit or loss consult your financial advicer before any investment or trade
AsianPaint INTRADAY STOCK TRADING PROFITKINDLY SWITCH TO 5MIN TIME-FRAME
Used my Analysis on 15min chart. Traded on 5min Time-frame.
After Breaking of Resistance saw volume in the candle and traded it.
Profit Booked 1:2.5
Keep following Liking I will give trading setup on weekend.
Effect of crude oilBrent crude oil has crossed the mark of 99 , since we know that the rise in oil prices leads to pressurization in paint prices,
Asian paint looks weak though. enter as previous day low breaks for the target of 3281 and 3188.
I am not sebi registered , you are responsible for your profits and losses.
BULLISH FLAG IN ASIAN PAINTS Looks like a bullish flag pattern has formed on asian paints chart in all time frame. Entry could be taken after the breakout is confirmed.
Looks good for positional trade.
Asian Paints long !!The stock is near its 52 W high of 3590. Once it breaks this level it will move up rapidly. The RSI is above 80. targets shown on chart.
ASIAN PAINT; likely to fall stay alertbook your profit already 40 percent gain; profit booking can come anytime stay cautious
ASIAN PAINTS - 28th July 2022Stock hitting resistance zone -
Below Resistance Zone bears can try to dominate and above the zone bulls may come in.
Plan accordingly
Asian paint to take long entryAfter continuous falling today on the hourly chart we have seen a bullish Engulfing candle at the support level. This indicates a high probability that stock can turn up from the current level. long entry can be taken @ 3012 for the next 100-150 points. SL can be placed below the support level. This is for your educational purpose only.
Asian paints can be up NSE: ASIANPAINT
If Breaks Then The Targets could be Taken at 3074
Time Frame :- 1 Day
Patterns Name :- Inverse Head and Shoulders
We are not responsible for any profit or loss
Based on Your Own Risk this is only to Show you the Current Pattern
Comment Below If You want to ask me questions on this on any other idea
BTW Like and Follow if you like this awesome content
Made By MAYANKTECHRESEARCHING
Asian paints formed cup and handleAsian paints has formed cup and handle pattern. Falling crude prices would benefit the stock and can move above 3100. Enter above 2800 for a target of 3100 ++ and SL of 2688
Cup and Handle Pattern in Hourly TFLevels and Ideas given in the Chart.
Keep Patience and trade with reversal or Breakout strategy near POC level.
Try to understand psychology of market.
If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
#supportandresistance #volumeprofileanalysis #stockmarketindia #banknifty
Asian PaintsVery good counter
Opportunity for long term investors
thanks to oil price
Approaching Very crucial long term trendline
Asian paintstock may reverse from ressistance line so if you want to invest then wait for reversal from ressistanse line and wait for support.
rsi also near ressistance line and it may go for reversal from there.
SELL Intrday Asian paintSEll Asian paint @ 2742 TGT-2735-2730-2725 SL 2752. Support & resistance zone.
