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...
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...
Asian Paints look weak below 3390 for the marked lower targets on the chart until 3600 is intact on the upside.
To motivate us, Please like the idea If you agree with the analysis.
InvestPro India Team
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 📉
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...
Asian paint looks good for sell if it closes below the neckline of the head and shoulder pattern on a daily basis.
all support and resistance are marked on the chart.
if you agree with my idea please like and share.
thank 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...
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...
We can clearly identify a five wave structure . No matter which degree wave it is , but after every five waves up there should be a three wave correction. On a lower degree the nature of fall suggests that the correction will be most likely a zig-zag correction. One should go short on current level or on any rise keeping SL of 3500 & look downside for the...