Asianpaintsanalysis
🎨 asian paints ltd keep on radar for short NSE:ASIANPAINT
as you can see on charts this is one of strongest advance harmonic pattern which you can't find in any book or video. as per this pattern stop loss is quite big so i suggest that if you know reversal then only trade on this for short. one can use their own trade setup to trade on this for short.
Asian paint: 2702 is resistance as per this pattern so trade accordingly.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Asian paint stock studyI have been studying stocks for the past couple of months (6 months) to be precise, and have been learning different types of chart techniques.
Have been looking at the Asian Paints stock for study purposes and this is something that caught my eye.
If we consider the uptrend that the stock has been doing and, look at the short term downtrend, can this be considered as a breakout?
Please, note that I am not a professional trader, and am looking just for increasing my knowledge before I step into trading.
All comments are welcome.
ASIANPAINT INVESTMENTAsianpaint has come out of consolidation and has given a breakout from triangle pattern.
It has crossed its ATH(All Time High) with good volumes.
Its an evergreen stock and sector. A large cap and must be there in everyone's portfolio.
Buy them at this price and wait for good returns over the years.
#asianpaintNSE:ASIANPAINT
it can go till above PRZ levels One can long it till that levels and when you find reversal can book your longs and short there. if you like our ideas plz like and please use our referral link to upgrade your Tradingview to serve you batter and batter even one can donate coins too. thnx in advance.
IS ASIAN PAINTS READY TO SHORT FLY OR LONG OR FALL !!Hi Traders ,
Two weeks back I posted the coming move in this stock where I shared some conditions to watch and trade . Let us see where these stand today. In point no. 3 what i wrote is quoting for your consideration " there is one dotted red line if this line is taken out then full satisfaction of down trend will emerge . you can see this is not taken out yet so chances of going down has not emerged. In point no.4 "see up move in green circle showing price increase where as volume decreasing. so this up move can be pullback." Point to be noticed is divergence in volume and price result into decline of price that is circled in white. That is why I said this up move a pull back. But here new question arises if it is so then red dotted line should be taken out to resume down trend. But without reaching to that level buying seen with good volume. Has price ready to move up . see if the yellow dotted trendline is taken out on 2 hrs chart then first clue of going up will be confirmed then one has to plan his/her trade finding buy set up on lower time frame of 1 hr, with the target of red zone. Once your sl hits then do not try again in this scrip. after crossing blue zone the probability of going up will increase . This is weekly trade once completed search other. Rest market will decide.
YOGESH VATS
Note - All trading should be done by consulting your financial advisor.
INTRADAY | ASIAN PAINTS | FOR THOSE WHO MISS THE TRADETwo days before, posted a Sell signal of Asian paints before breakdown of WEDGE pattern, those who entered made good profit.
here is another chance to enter....
Major support zone - 1595 to 1600..ENTER only if it breaks otherwise a reversal can be seen.
Sell below 1595
Target 1- 1580
target 2- 1570
target 3- 1560
SL- Use strictly Tight stop loss according to your risk
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!