Asian paints has created double bottom on hourly chart. Also their is RSI Bullish divergence seen. It has also given breakout above the trend line. We can go long once it break above the resistance at 2924. Target will be 3036. Keep the Stoploss at previous swing low or low of the breakout candle.
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.
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...
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...
Asian Paints Moving as the levels marks on chart its reverse from the support trendline draw on chart, our view on Asian Paints is bullish for long term if your trying to do SIP then its an good stock to buy on every dip
Support levels (Previously Asian paints taken support and Resistance )
Resistance Levels (Previously Asian paints taken support and Resistance )
Asian Paints taking resistance of trendline which is mention in the chart.
*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
Asian paints has taken support of the trendline.
Bounced from 200 MA
Sitting on demand zone
Above flip level
Making Higher highs Higher lows
Healthy retracement of 78.6% done from last swing high
Sitting above 61.8% fib support.
Buy above - 3160 (closing basis)
Other trades are going well i'll link them below.
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Asian paints at Demand zone, and at trendline support. Expecting Feb series to close above 2800.
Buy Asianpaints Feb 2600 ce btw 36 to 40.
SL: 30, targets could be 80/120/160/200 plus.
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