Black Friday saleUp to 70% OFF

Asianpaintsshort

Asian Paints near a break down.Asian Paints has been taking support from the 200 ema on the daily charts and is trading between both the moving averages. The stock closed below the weekly 20 ema and today test the level and closed almost flat. If the market remain in a bearish trend, there can be a short trade in the stock as it has test the support levels many times. Entry :- Below 3150 Targets :- 3090, 3048 The stock today tried to move up but slowly came down and closed near the support levels of 3150. Asian paints has been trading below both the moving averages on the hourly and 15 minutes charts. Positional and swing trade can be initiated in the stock as it may take 2-3 days in hitting the targets. Wait for the price action near the levels before entering the trade.
NSE:ASIANPAINT
by Mambotrade
Asian paints following the Index bullish move.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 point confirmation. 1. Break out on daily time frame of the consolidation zone. 2. Closed above both the daily moving averages. 3. High volumes than the previous day. Asian paints ltd is a high weightage stock in Nifty index and can follow the bullish trend of the market. Target :- 3185, 3240 Stop loss :- Close below 200 ema(hourly time frame). Wait for the stock to retest of the consolidation zone and price action near the level before entering the trade. Both intraday and swing opporunity can be initiated once the stock closes above the flag and pole pattern.
NSE:ASIANPAINT
by Mambotrade
1
Asian paints forming flag and pole pattern.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 rejection. Asian paints is forming a nice pattern. Let the stock give a break down and close outside the consolidation zone. Target :- 3045, 2981 Stop loss :- 20 ema on daily time frame. Wait for the price action near the levels and enter only after the stock break down of the consolidation zone.
NSE:ASIANPAINT
by Mambotrade
Asian paints forming flag and pole pattern.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 retraced on a 15 minute time frame i.e. 3116, 3125 Once both the levels are crossed it can touch the target of 3160. Support :- 3100,3072 Resistance :- 3108, 3120, 3160 It has formed a flag and pole pattern on hourly time frame. Wait for the levels to break the range and watch for the price action before entering the markets.
NSE:ASIANPAINT
by Mambotrade
Asian Paints Analysis !! Breaking Down.📈 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 need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:ASIANPAINTShort
by ShelendrAgrawal
4