Bullish Reversal Setuppossible trend reversal possible as the chart suggests-logic and levels well mentioned in the chart itself
ASIANPAINT trade ideas
Asian Paints at important level for swing trades.Stock: Asian Paints
Time Frame: 1 HR.
After a bullish day on 28th feb, as expected, it is consolidating (taking multiple rejection from resistance level 2850 but still buyers are holding price). It may give a good upside move for swing trades if it gives breakout and closing above 2851. Not Active yet. Keep an eye!
TARGET 115 points (4 %) for buying side.
For educational purpose only. Take trades on your own Risks.
Asianpaints BullishAsianpaints Closing 2828.8 with stoploss 2770 then targets are 2890-3060-3150.
Buying Reason.
1 --> Price action is ready to break the #range.
2 --> #RSI is 52.38.
3 --> ADX is show the #Bullish move and +DMI is #RISE.
4 --> #Volume is also confirm the #Bullish move come in the some days.
5 --> Also On a #Monthly chart Price take #Support at #Bollinger #Band.
Triangle Pattern A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Asian Paints
Time Frame = 15 min
Double Bottom pattern reversal in ASIANPAINT✅ ASIANPAINT
Key highlights: 💡⚡
✅ On 1D Time Frame Stock Showing Reversal of Double bottom Pattern.
✅ Strong bullish Candlestick Form on this timeframe.
✅It can give movement upto reversal target of 2845+.
✅ Can Go Short in this stock by placing stop loss Above 10890 or last swing Low.
ASIANPAINT The End Of Downtrend!!!As we can see in the above picture the stock is continuously falling from last few days,and take support at ₹2700 similarly when it will cross the down-trend line we can see some big movement in this stock
ASIAN PAINTS LTD: INTRADAY SETUP FOR WEEKMy Intraday Set up for Asian Paint for next few days.
As discussed previously , the stock has just seen the reversal trend in upward direction , we must thus wait for opportunities to buy.
On 15 min chart , the stock is currently in range as detailed in chart. Once the breakout is seen , we have the opportunity to enter the trade. The entry trigger will be the price action @ 2852.20 , leading us to various targets as detailed in chart. Each targets is preceded by some resistance . Hence , conservative traders may exit and re-enter the trade once the resistance is broken out.
The technical indicators at current level are as under :
CMP : 2825.55
MA50 : 2822.08
MA200 : 2801.62 ( Cross Over)
RSI : 57.894 crossing over
ADX(14) : 17.682 ( No Directional Strength - In range )
ATR (14) : 5.18 ( Less Volatile )
One must enter the trade only after the Breakout , and conservative traders shall wait for price action. Good Luck !!!
Suggestions are welcome .
ASIANPAINT on Breakout; above 2848 for Intraday on MondayASIANPAINT on Breakout and with good volume; above 2848 on Monday 20th Feb for Intraday gains
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INTRADAY Trading Strategy based on 3 stages of a breakout:
1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
ASIAN PAINTS - CHANNELASIAN PAINTS :
Stock has formed triangle pattern and price is giving early signs of coming out of the downward channel.
Stop loss and Target given in the chart.
Cheers,
priceNpedia
Asian Paints Cmp 2834 dated 17-2-2023 Triangle PatternAsian Paints Cmp 2834 dated 17-2-2023
1. Triangle pattern on chart BO above 2850.
2. Making Higher Lows.
Buy above 2850 for target 2920-2975-3000-3025 SL 2775
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Asianpaint chart beakoutAsianpaint chart beakout on chart,
mentioned levels on chart
plant accourding levels
those levels are educational purpose
ASIAN PAINT LTD : BOTH SHORT AND LONG TERM TRADEAsian Paints Ltd does not need any introduction. With Market Cap of 2,69,000 Cr and a legacy of pre -independence foundation in 1945, the stock is all time favorite for for both retail and Institutional buyers.
Currently the stock has just reversed from its downtrend and stands @ 2833.60.
The chart has already tested the support @ 2820.10 which is our stop loss for this trade.
One can enter this trade anytime now as it has crossed below the neck of reversed HEAD AND SHOULDER pattern .
Out Targets would be 2913.50 , 3000 , 3254 and 3450 .
It is both for short term trading as well as Long term hold as the stock is in uptrend in Higher Time frame ( Monthly )
RSI is crossing level of 50 in uptrend
High Volume seen in recent trading days.
We will definitely see Golden Cross over within next 3 weeks.
A good opportunity to add this stock in your portfolio.
Please keep boosting my study and analysis , it is helping me a lot.
Good Lock !!!
Cup and Handle PatternA cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = Asian Paints
Time Frame = 1 Day
Asian paint - Ready for a massive breakoutAsian paint is now ready for big breakout after a long consolidation. It can easily reach 2900 and 3030 after that.
Asian Paints : Important Support ZoneAsian Paints is trading on its important support zone. If sustained on this level, I am bullish for mentioned targets. Otherwise it may fall below mentioned zone.
Asian paints made head and shoulderIf Asian paints sustain above 2830
1st Tr 2890
2nd Tr 2975
SL 2770/-
Asian Paint - Short the futuresAsian paints towards downside and grab the opportunity to short the futures.
Current price - 3074.
Stoploss - 3250.
Target -2800.
Asian paints ....Buy setupThe stock seems to be taking support at the bottom of the channel as shown in the chart above .can take a buy trade once it closes above the down trend line for a target of 3500. second target could be the channel top level. stoploss for the trade shall be the current swing low. this is just my view consult your financial advisor before taking the trade.
ASIANPAINT ✅ On weekly and daily Price looking Berish and on 2845-2917 is multiple time tested level and now This level act as Resistance.
✅ But right now price will look weak for long side and also come to test 2845-2917 level if price hit his level short on Reversal.
✅ Look for a good strong signal for short on smaller TF.
✅ Price will show strong movement on 2578-2665. And act as Support level .
Good level for accumulation Asian Paints corrected to Fib Retracement level of 23.6% - from highs of 3600
Disclaimer: View for Educational purpose only, not to be taken as trading or investment advice.
ASIANPAINT - Trade/Investment - Bounce from Crucial SupportThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself. Second target is calculated based on range calculation method in technical analysis.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
Asian Paints Inverted Head and Shoulder formation
Asian Paints have formed an inverted head and shoulder,
giving good targets...
Levels shown in chart above...
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