ASIANPAINT, buy or sell?NSE:ASIANPAINT looks at sweet spot to me. It's taking support around it's old levels of 3050. And on weekly timeframe if it crosses 3240 then soon 3600 levels can be seen.
Asianpaintsanalysis
Asian paints following the Index bullish move.Asian paints after consolidating in a parallel channel has given a break out of the zone and closed above the box.
The stock on the daily time frame has closed above both the moving averages.
For the intraday trade, the stock has formed a flag and pole pattern on smaller time frame. On hourly time frame, the stock has given a close above 20 and 200 emas.
3 point confirmation.
1. Break out on daily time frame of the consolidation zone.
2. Closed above both the daily moving averages.
3. High volumes than the previous day.
Asian paints ltd is a high weightage stock in Nifty index and can follow the bullish trend of the market.
Target :- 3185, 3240
Stop loss :- Close below 200 ema(hourly time frame).
Wait for the stock to retest of the consolidation zone and price action near the level before entering the trade.
Both intraday and swing opporunity can be initiated once the stock closes above the flag and pole pattern.
Asian paints forming flag and pole pattern.Asian paints on the daily time frame is forming a bearish flag type of pattern.
The stock has been consolidating in a parallel channel.
There is a bearish moving averages cross over and stock price is taking rejection form the 20 ema.
3 point confirmation.
1. Bearish flag on daily time frame.
2. Bearish moving average crossover.
3. 50% fibonacci level rejection.
Asian paints is forming a nice pattern. Let the stock give a break down and close outside the consolidation zone.
Target :- 3045, 2981
Stop loss :- 20 ema on daily time frame.
Wait for the price action near the levels and enter only after the stock break down of the consolidation zone.
ASIAN PAINTS LOOK WEAK BELOW 3390Asian Paints look weak below 3390 for the marked lower targets on the chart until 3600 is intact on the upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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 Ltd. (ASPN) Tradingidea Asian Paints Ltd. (ASPN) near breakout level
once this trend line break with high volume asian paints move more upside.
BUY above 3518
upside 18% movement possible.
upcoming months sep oct nov festival session going to start so it will boost the sales in asian paints and profit also. Thank you.
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.
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.
Short and Hold NRML on Friday This is very Trendy Stock From Last few weeks This Has been rally a lot than it should be now its time To go in consolidating phase But we can not say when this happen This time i saw a good opportunity To short it its been weak now to short i There has been small rest where it could came so fast if on mon morning will be negative I shorted it on 3491 keeping sl of 12rs which is 3503 and tg of more than 100rs which is 3350
Asian paints forming flag and pole pattern.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 entering a trade in the stock
Asian paints forming flag and pole pattern.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 retraced on a 15 minute time frame i.e. 3116, 3125
Once both the levels are crossed it can touch the target of 3160.
Support :- 3100,3072
Resistance :- 3108, 3120, 3160
It has formed a flag and pole pattern on hourly time frame.
Wait for the levels to break the range and watch for the price action before entering the markets.
Asian Paints - Short Term Buy - 21 April 2022Hi,
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 LtdAsian 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
Asian paint view for next week 11/04/22.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 and intraday trades can be planned as RSI show a nice momentum on the upper side.
Asian Paints LtdSupport 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.
Asian Paint -Intraday 23.03.2022Asian Paint Intraday , follow levels and trade, avoid trading in big gap up or gap down.
NSE:ASIANPAINT trading bullish @ resistance.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 Painthigh : 10/10/2022 : 3,590.00
low : 19/03/2020 : 1,431.20
75 % : 3050.30
50% : 2510.60
25% : 1970.90
Asian Paints Analysis !! Breaking Down.📈 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 need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
ASIAN PAINT SHORT TREM VIEWAsian 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 !!
ASIAN PAINT - Short OpportunityShort 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 signal to bearish trade.
ASIAN PAINT - Long Opportunity*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.
