Please see the chart its self explanatory.
there is huge demand zone for such a best stock.
Buy in range of 2270 - 2350 Range it will give best returns in 1 year
Asian Paints is in downtrend and it has formed a Morning Star pattern.
Volume is also good.
Trend reversal may start from here.
Presently it is at a very crucial support as indicated in the chart.
Trade Carefully!!
Asianpaints Long (10 June)
RSI- 33
Hammer Candle at bottom with increased volumes
Buy at CMP- 2710
SL- 2625
Target- 2865, 2918
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Charts and views are only for educational purpose.
It's possible to take the reversal from this point (support).
Buy between 2660-2700
Target - 2900, 3100++
SL - Below 2600 (Closing Point)
It is good to buy June Future and wait to get a nice profit. Today movement of Jul Future - 2660-2710
Asian paints has been consolidating in a parallel channel.
The stock has formed a bearish flag and pole pattern on daily time frame.
The volumes are getting low.
Support:- 2830, 2743
Resistance :- 2920, 2970
The stock if breaks down can give a nice targets.
The stock will be good for a bearish trade and watch for the price action near the levels before...
NSE:VEDL
#VEDL formed ascending triangle post shared the level in TV, check the attached idea,
Worked as support and not look back again and delivered 11%, 27k in 300 CE options.
Levels marked on chart for practice.
Happy LEarning !!
NSE:TORNTPHARM
#NSE:TORNTPHARM open with gap up and with a small pull back given good bullish mometum.
Resistance levels for the day marked for referrance.
Happy LEarning !!
NSE:ASIANPAINT
#ASIANPAINT JUN 3000 PE given @ 118 and reached to 317 today and bagged 30K appx per lot.
Further levels marked for practice.
Check out the other levels shared, feel good about our analysis, pls leave your feedback.
Happy LEarning !!
Asian Paints - Down Trend...
have multiple supports...
Down Trend...
1. Based on the oil commodity
2. FII Selling pressure
3. Paint industry competition and
4. High P/E ratio
There are 1 H & S on daily and another one on weekly timeframe.
Asian Paints can show further downside movement if it breaks 2955.
Below 2494, Asian Paints will be in long term downtrend.
Asian paints had traded in a narrow range whole day after a initial up move.
On a daily anaylsis, the stock has broken its both crucial moving averages with a nice volume confirmation and can remain in green.
It has been taking resistance from its 4 hour 200 ema and has formed a doji in the end.
Immediate resistance are the high the points from where it...
#ASIANPAINT
Sell-Below 3000
Sl-3140
T- 2800 2670 2600
Stock is ready to break an important support zone. Ride it with strict trailing as it is a INDEX pack.
NSE:TVSMOTOR
#NSE:TVSMOTOR bagged good profits with the level shared here....
attached the chart shared.
Check my signature column under this chart for our whole learnings today !!!
Happy LEarning !!
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
