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Asianpaintsanalysis

Asian paints might be ready to rumble for a bit #Episode1 Classic symmetrical triangle now at the verge of breakout ..... breakthrough gap up = buy with a small risk or a power candle on 15min would do it .... u can hold this trade as it is on a good support zone .... Happy trading. :) Also, a breakdown = no trade at all on the sell-side. wait for the right time, let ti show u the right pattern :) Don't take a risk of more than 2 to 3 % on capital depending on the hit rate.
NSE:ASIANPAINTLong
by Averoy_Apoorv_Analysis
ASIAN PAINTS ON 15 MINS CHARTAsian paints on 15 mins charts is making HEAD & SHOULDER PATTERN and we believe that neckline is broken with good bearish pressure with increase in volume. 1st target 2620 if market opens flats, if any gap down we wait for retest or any bearish continuation pattern with 2600 as second target. We believe stove can give reversal sign from 2600 because of good Fibonacci 50%, which is exactly at demand zone. Also the length or price area of LENGTH A,B,C IS EQUALS which qualifies fir good short setup. Trade safe.
NSE:ASIANPAINTShort
by Trademint08
Asian Paints Analysis for next week.Asian Paints View : Case 1: On 5th April 2021, Asian Paints opens above 2560 or if it starts trading above 2560, then the stock will be volatile and can move sideways or upward move. Case 2: On 5th April 2021, Asian Paints opens below 2540 or if it starts trading below 2540 then we can expect a downside move. Our focus will be on this case. Reasons: 1. As we see on 15 min chart, the stock gave a trendline breakdown, and also there is a small gap that can get filled. There is a 0.382 Fibonacci Level on which stock can take support and try to continue its uptrend. 2. If 0.382 Fibonacci Level is broken then there is a high probability that stock may test 0.618 Fibonacci Level as at this level there is a demand-supply zone that is not yet tested. Conclusion: Wait for the stock to come at 0.618 Fibonacci Level, if any bullish pattern (Bullish Engulfing, Bullish Hammer, Bullish Inverted Hammer) is seen then go Long for 4-5 % gains.
NSE:ASIANPAINT
by Nimish_Ghagare
2
Asian Paints Analysis First, 2260 acted as a resistance on 6th Nov'20 and it acted as a support on 26th Feb'21 and moved up from the support. Second, if I apply the fibo retracement from 1912, you can see that market rejected the 61% fibo level at 2260, so again it touched the support and moved up. Third, there is a bullish head & shoulder made from 1st Feb'21 to 25th March'21, 2483 being the neckline, 2260 the head, and approximately 2367 are the shoulders. Now, if market rejects the bulls at 2513, then our next support could possibly be the 50% retracement at 2378. We can set our sl below the support line, i.e, 2260. So, trade accordingly. This was a little analysis made by me for a long position. Further, rightly said by many, "don't trade what you think, trade what you see on the chart." Thank You. Happy Trading.
NSE:ASIANPAINTLong
by rituparna_paul