Asianpaint 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.
NSE: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.
The graph is forming a megaphone pattern. Highly likely that the price will fall anywhere in between 2032 to 2013 INR for this range is a strong demand zone. Going for SHORT would be preferable in the days to come .
NSE:ASIANPAINT W has a clean BO followed by PRC + PCC giving a clear bullish bias. D has a clean UT 75m has a BO of a SW movement and a retest. Swing long candidate
06-09-2020 POSITIONAL CMP 1956 BUY ON DIP BREAK OF 2000 TGT 2020-2040-2060-2100-2150-2200
Note: This is for educational purpose only. There is a triangle bullish breakout in Asian Paint with high volume. RSI above 60 shows bullish momentum as well.
Buy Above green line T 1800,1850,1900
ASIANPAINT HAS GOOD CHANCE TO GO UPSIDE, PREVIOUS "W" PATTERN DIDNT WORK WELL. NOW, NEXT "W" AS HIGHLIGHTED CREATES A REAL BREAKOUT UPTO 6% UPSIDE. ONCE START MOVING CHANGE SL TO PREVIOUS LOW.
breakout or breakdown with support and resistance for swing trading. only for educational purpose
the stock has broken the trend line and ready to break the BOX
1700 Price is hovering above POC. upper resistance is 1717 once it broken then 1796 and 1800 next level to reach.
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...
Two 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...
If it breaks the trendline sell momentum will be seen. Keep an eye on this chart.
Brief Summary of Asian paints. 1. See this stock has completed its one leg of fall near 1440 . Second leg is going on . If the recent low near 1482 is structure changing point that is not confirmed yet , then it will cross the tough resistance at 1720. Other wise , The fall started near 1840 will continue . This upward move will be considered pullback if stock...
- Asian Paint is forming H&S pattern. This pattern is usually forms when the stock prices reaches its all time high and at the top. - This pattern yet not completely formed but the love towards the patterns help me to project the things. - This is too early to get in any position. - All you can do is just wait for bounce from the neck line and let it form the...
High probability that it will get down till the support levels. must be a cake walk, even Rsi is showing weak signals.