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...
Asian Paints Moving as the levels marks on chart its reverse from the support trendline draw on chart, our view on Asian Paints is bullish for long term if your trying to do SIP then its an good stock to buy on every dip
Hi,
Asian Paints looks good technically and can give returns in coming days.
Best buy is above 3175 with SL of 3050 and target are 3450 and 3590.
As of now Daily MACD is on the verge of giving a buy.
RSI is above 50.
Its above monthly Pivot Levels and is ready to scale higher levels in coming days.
We can buy it for short Term gains.
Disc : For Educational Purpose.
Asian paints on weekly time frame is near its 0.618 fib levels and has closed over its 20 ema.
Stock seems bullish on weekly chart and on daily time frame the moving averages has given a cross over.
It seems as the stock is in accumulation phase.
Support :- 3090, 2974
Resistance:- 3281, 3357
Wait for the price to break the levels and sustain the levels.
Swing...
Support levels (Previously Asian paints taken support and Resistance )
- 3030-3040
-2610-2640
Resistance Levels (Previously Asian paints taken support and Resistance )
- 3300-3320
Asian Paints taking resistance of trendline which is mention in the chart.
NSE:ASIANPAINT
#NSE:ASIANPAINT trading @ resistance, post retracement/BO confirmation chances to show good momentum.
Potential marked for practice, not for trading.
Happy LEarning.
📈 Asian Paints 📉
Asian Paints is breaking down from Support after 25May2022.
Earlier it use to be Resistance as well so it holds more bias.
So good stock for shorting, Possible targets on downside will be 2277 around levels.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you...
Asian paint looks good for sell if it closes below the neckline of the head and shoulder pattern on a daily basis.
all support and resistance are marked on the chart.
if you agree with my idea please like and share.
thank you !!
Short Opportunity -
Asian paint has formed descending triangle, which indicates that there fill be downside movement is expecting. Once the MA is headed down and if the candle closes below the 3236.05 level this will be a good bearish trade. The CCI is near 0 we have to wait till it turns minus. The CPR is narrow and at the downside, which also gives a green...
*Long Opportunity* -
Asian Paint has formed sending triangle pattern on 15M timeframe. The CPR is narrow and upside, it also indicates the uptrend. If this stock crossed the level of Rs. 3278.50 then this will give a strong bullish move. Also, the Day chart and Week chart is showing the uptrend.
The stock is following the channel perfectly and from last 3 weeks sustaining above lower edge of the channel.
On weekly chart there is a hammer candle formation is visible.
Buy above 3271
Target 3500.
Sl 3150
Asian paints has taken support of the trendline.
Bounced from 200 MA
Sitting on demand zone
Above flip level
Making Higher highs Higher lows
Healthy retracement of 78.6% done from last swing high
Sitting above 61.8% fib support.
Buy above - 3160 (closing basis)
Other trades are going well i'll link them below.
Please LIKE, COMMENT and SHARE to motivate and...
Asian Paints looking good Buy if sustains above 3157 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
educational idea
Asian Paints has given the breakout and we expect the stock May go for given target levels . to inspire us,Please like the idea If you agree with the analysis.
Asian Paints has given the breakout of previous high and we expect the stock to reach to upper marked levels.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
