📈 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
Asian Paints looking good Buy if sustains above 3157 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Asian Paints has given the breakout of previous high and we expect the stock to reach to upper marked levels.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Asian paint has started the impulsive sub-wave 'iii' of wave 5. Price has crossed the high of wave 'i', which is the signal of impulsive behavior of wave 5.
A long position can be initiated after a pullback when price penetrates on wave 'i' to take support. And that cannot be a barrier for long-term investors. They can jump on it.
But if you are a short-term...
educational idea
Asian Paints has given the breakout and we expect the stock May go for given target levels . to inspire us,Please like the idea If you agree with the analysis.
Asian Paints Ltd has formed shooting star candle on daily time frame. The stock looks good for intraday trading. Short Asian Paints below 3270 with SL 3300 for intraday. Book profit as per your risk.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
I have created a mathematical indicator and for that Asian Paints have 95% profitable accuracy.
NSE:ASIANPAINT
Some Last Trades:
Trade # Type Signal Date Price Contracts Profit Cum. Profit Run-up Drawdown
14 Entry Long long 18-02-2015 839.1 1 181.35 961.05 181.35 146.1
Exit Long close 01-06-2016 1020.45 21.61 % 0.18 % 21.61 % 17.41 %
15 Entry...
Asian Paints Daily Time Frame Analysis
Strong Base at 3150-3180 zone
Minor Resistance at 3400 zones
After profit booking session of 1 week expected a bounce from this base
I have already initiated my position at 3200 with a stop loss of daily closing below 3170
Targets are mention on charts
1st target at 3500 as after this we can possibly see a double top so...
Asian paints is back to retest the previous resistance.
A very important trendline lies in the same region.
This confluence of support will be confirmed if any bullish candle is formed here.
The risk to reward will also be favourable.
Target:- 3811
Stop Loss:- 3246
Duration:- 6 to 8 Weeks
The stock has already break the resistance line and test that resistance line again and used as a support line, showing a bullish candle, which is an indication of upside move. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing...
