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.
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...
Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support.
Place your stop loss level below the demand zone 2.
The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book...
After making a high of 3179 on 20.07.21, ASIANPAINT has been consolidating in a range. It recently seems to trying to push upwards towards the resistance and has formed a nice bar which indicates a possible coming breakout. A long can be initiated keeping in mind the following levels :
LONG ABOVE : 3115
STOP LOSS : 3048
TARGET 1 : 3182
TARGET 2 :...