ASIANPAINT looks good if it's break the trend line resistance of 3022 to 3044.
Buy above 3060 SL 3030/3022 Target 30107,3159,3205,3244 Risk to reward ratio is 1:2 to 1:6 If you keep trailing your SL.
Asian Paints has been a consistent compounder in Indian decorative paints Industry. With increasing Crude Oil volatility expectation from February due to Russia's decision to not sell Crude Oil to countries respecting EU's $60 price cap, the share has corrected from 3600 to 2800 levels ~ 22%
The recent earnings report further accentuated the concerns of...
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...
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...
Asian 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
Hello 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 ...
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.
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...
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...
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...
📈 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...
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
