Parallel Channel support in Indigo Paints in WeeklyNSE:INDIGOPNTS Parallel channel support is at Indigo Paints with buy at 1510
Paint
Best buying level in Asian Paints !Asian Paints stock is making ascending triangle and in the pattern stock is making falling channel
Also Wekkly RSI is around the support which says we are around the support
Stock has strong support around 2800-2850
Also stock never breaks the weekly strucuture
we can see huge bounce from these levels
One can expect to give returns of 30-40% in coming weeks
Thank You !!
ASIANPAINTS Breaking out 1 month of consolidation . Reasons To Enter : NSE:ASIANPAINT
1. Stock about to breakout after consolidating for a almost a month .
2. Crude Oil is going down , so considering the inverse correlation between crude oil and paint stocks , we can see demand going up as oil gets cheaper .
3. Stock closing above both 50-9 EMA
4.Breakout , retest already done . Now price might go up .
.
.
.
The information provided is for informational purposes only and does not constitute financial advice. Investing in the stock market carries risks, and past performance is not indicative of future results. Individuals should conduct their research, consider their risk tolerance, and seek professional advice before making investment decisions. The accuracy and completeness of the information are not guaranteed, and the authors disclaim any liability for losses incurred based on reliance on this information.
Asian Paints : Multibagger IdeaExciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: ASIANPAINT
🔍 Description: Stock is in a pattern formation. Support is around 2850-2900 and we can see huge upside after breakout of the resistance.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Asian Paints : Multibagger Stock AnalysisAsian Paints is in a consolidation since 2 years.
Pattern formation : Symmetric Triangle.
Stock has corrected almost 25% from its highs.
Support Area is coming around 2850-2900
Targets are coming around 4750-4800
Yet another stock on a demand zoneKansainer is the stock on my watchlist.
As we have seen a good bounce from support in other paint stocks like Indigo paints and Berger, we can expect a similar upmove in this stock too.
Currently, it is in wait and watch.
asianpaint towards an all time high! the paint giant with a 60% market share
after a tough year
again marching towards an all time high arena
Bullish Reversal Setuppossible trend reversal possible as the chart suggests-logic and levels well mentioned in the chart itself
Berger paint for Swing TradingBerger Paint Best for Swing Trade Opportunity
Buy = 604
SL = 590
Target = 625, 630, 635
Time = 8-10 Days
Gain Expected 4.5%
buy at current levelslooks like asian paints is geared up for new all time high.
got good rejection from 3300. so we will keep this as stop loss. final 3550 short term target. once ATH is broken then 4000 also possible.
asian paintwait for support.
w pattern and double bottom
ressistance becomes support and break down
stock is below 20/50/100/200 day moving average
asian paintalready break support line in previous trading session which show more negative trend
and rsi also in negative trend so wait for rsi reversal from trend line ressistance
wait for next support line.
Berger Paints is a LONG only stockThis counter has given a breakout from revious high and is going up slowly. Currently consolidating at these levels and seems to be ready for INR 720+ or even much higher than that
Breakout After in the tight zone Berger paint tries to breakout from the zone. If candle loses above the Trendline we can expect a good move in this stock. Entry will be around 840-846
Sl below the trendline
Target 3-5%
over rated or GR8 Breakout of the town !? let's see.. enter after rally touch 600 see the chart i draw carefully ,Do like ideas , do follow me for more ideas on other shares like Asian paints , L&T , etc.. this is just An idea .
Lets have paint again its time to see Asian paints 3000 above
target 3000+
sl 2796 (intraday ) / 2774 (long term )
BERGERPAINT - SYMMETRICAL TRIANGLEA Symmetrical triangle is a clear cut indication of consolidation followed by a breakout.
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Big Potential Move In Berger Paints. The silent stock from paint industry i.e. Berger paints is almost ready to boost like a rocket. It has formed an triangle chart on daily time frame and just check the volume on 14-05-2021. A potential big move can be seen and target is clearly marked on the chart with purple rectangle for further reference.
Asian Paints- Consolidating Watch outAsian Giant consolidating bwtn 2650-2680 and we might see breakout upside/downside in coming days.
Support at 50 DMA, if it breaks the next support at 200 DMA.
If increases- then levels at 2775/2875.
Berger Paint Lower High, Lower Low Formation FoundSell Berger Paint
Closing Price 714.75
SL - 741 (DCB)
Target - 655-660
Asian paint longAsian paint Triangle breakout and Feb - Ret breakout are same at
Entry - 2570
1st target - 2770 ( 7% )
2nd Target - 2890 ( 4.5% )
Stop Loss - 2526 (2%)
