ASIANPAINT - BULLISH TRENDASIANPAINT is looking bullish with an uptrend towards 3000 mark in upcoming 4-5 months. ASIANPAINT has broken the Strong Lower High for a Market Shift of the Structure to bullish and moving towards 3000 mark very soon.
ASIANPAINT has many unmitigated order blocks and unmitigated supply zones at higher levels to be touched and processed.
Bought ASIANPAINT IN CASH at 2500 with a Stop Loss of 2440 for the first target of 2770 by next month and 2900 - 3000 in another 4 - 5 months.
📉 THIS CHANNEL IS ONLY FOR EDUCATIONAL PURPOSES.
Disclaimer: I am Not a SEBI registered analyst. I just share my positions to do paper trading and no where its a recommendation! Please do your own analysis before taking any trade.
Paints
BERGER PAINTS LTD --- BREAKOUT - Celebrate Colors BERGER PAINTS LTD --DAILY CHART SETUP -- BREAKOUT --Let's celebrate colors
1. DAILY trendline breakout seen above 575 sub level ,
2, LOWER CHANNEL breakout seen on daily chart
3. RESISTANCE breakout also seen above 575 level
4. CCI , EMA positive crossover seen .
5. Moving Avg , MACD Bullish, RSI near 60 level, strong bullish .
6. BUY Above Resistance breakout level 575-580 AT near cuurent cmp TARGET 600-620-650 + ( 1-2 month ) stop loss 540
7. RISK reward ratio 1 :3
** THIS IDEA IS FOR EDUCATIONAL PURPOSE . trade at own risk !
* LETS CELEBRATE COLORS ..HAPPY HOLI.
HAPPY TRADING !!
Asian paint stock studyI have been studying stocks for the past couple of months (6 months) to be precise, and have been learning different types of chart techniques.
Have been looking at the Asian Paints stock for study purposes and this is something that caught my eye.
If we consider the uptrend that the stock has been doing and, look at the short term downtrend, can this be considered as a breakout?
Please, note that I am not a professional trader, and am looking just for increasing my knowledge before I step into trading.
All comments are welcome.