Hey traders, Here's an analysis of ASIANPAINTS, the stock has given a breakout of the trendline. We can expect some good upmoves, let's see, if it sustains. Levels mentioned on chart, Do your own analysis berfore taking the trade. Guys, Keep supporting and guide me if there's any mistake or there to improve please comment.
NSE:ASIANPAINT at crucial level if break then will touch below level and if reverse from here one can long from here as well. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
The analysis is given on the chart Comment if you have any query and if you like my analysis, don't forget to press the like button. I am not a SEBI registered investment advisor and hence do not follow my analysis blindly. Be aware of what you are trading and the risk associated with it. Stock market is risky and you can lose a lot of your capital. Be wise and...
In the daily chart, we can clearly see that Asian Paint is taking support at the 38.2% Fibonacci retracement level. Take long positions guys for the target of 2520.
NSE:ASIANPAINT stock at support of Harmonic PRZ long only is you know reversal. use your own trade setup for long. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Note: This is for educational purpose only. DO NOT trade in F&O based on this analysis. There seems to be a bullish breakout with high volume in ascending triangle. RSI above 65 indicates bullish momentum.
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.
LET ONE CANDLE OF 15 MINUTE CLOSE ABOVE 2070 AND BUY ABOVE 2076 CAN LEAD TO 2222.7 POSITIONAL WITH SL 2065 OR SHORT IF SEEN A BEARISH CANDLE IN 30 MIN TF AROUND 2070 REGION BREAKING THE LOW OF PREVIOUS 30 MIN CANDLE FOR 2021 TARGET INTRADAY
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
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
LONG NSE:ASIANPAINT AT 1626 SL 1611 TARGET 1658/1673/1688
Asian Paints looks good for a breakout. One can go long if it closes above the upper trendline. Remember,trade is valid only if candle closes above trendline. Keep SL and Target as per your RR. Always trade after determining your risks and don't forget position sizing. NSE:ASIANPAINT
I hope you can now see how the ASIANPAINT represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour.
LONG NSE:ASIANPAINT near 1720 SL BELOW 1700 on 15 min candle CB TGT 1740/1775/1800
Buy Asian Paints above the resistance line.. target near 1800