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ASIAN PAINTS LTD.ASIAN PAINTS LTD.ASIAN PAINTS LTD.

ASIAN PAINTS LTD.

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ASIANPAINT trade ideas

Asian Paints: How to play a channelAsian Paints The Chart set up - Since Oct 2022 the stock has been trading in a channel - chart is not strong but with crude prices stabilizing at lower side it favors the sector as oil is one of the major raw material. ___________________________________________________________________________________________________________________________ Trading plan One way to trade this is : Wait for the stock to give a sustained breakout from the channel. Ideally a 3 day close beyond the channel limits should be good cue. Then play for the size of the channel in that direction (roughly 150-180 points in the direction of breakout can be looked as target in this case) Second way to trade this Play for a Non directional trade The limits of the channel are roughly 3240-3244 on the upside and 3018-3030 on the downside Given the set up, consider a short strangle strategy to start with. Sell 3250 Call and Sell 3000 Put In case stock moves out of range, have a plan to Adjust your strategy to a directional one. ____________________________________________________________________________________________________________________________ Understanding reward potential and risk profile In scenario 2: The Strike Price chosen covers the known risk (Channel limits) It provides a profit potential of approximately 13400 per strategy lot (approximately 11.5% ROI on margin requirement). Take advantage of time decay in case the stock stays within the range. In addition, there is in built protection against loss for a fall up to 2933 on the downside and 3317 on the upside till 25 Jan 2023 expiry day. This should give ample scope to adjust strategy in case stock moves out of range. __________________________________________________________________________________________________________________________ Do let me know if you find the analysis and insights helpful. To trade with me Like and Follow for more trading ideas like these...!!! Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ASIANPAINT
by indiamarketoutlook
2
Asian Paints Cmp 3112 dated 27-12-2022 Rectangle BOAsian Paints Cmp 3112 dated 27-12-2022 1. Rectangle Consolidation BO above 3120 2. RSI Divergence Buy above 3120 for target 3165-3200-3240 SL 3050 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.
NSE:ASIANPAINTLong
by SHEETAL_UDESHI
1
Asian Paints: Is the colour fading...!!!Asian Paints CMP 3158 63 day EMA is at 3179 21 day EMA at 3158 Stock is struggling to sustain above 63 day EMA Given the set up one may consider to sell Asian Paints Dec expiry 3200 Call option currently around 52 SL / Exit if closing in Spot is above 3226 Take care & safe trading...!!! Like and share Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ASIANPAINT
by indiamarketoutlook
1
[POSITIONAL] ASIANPAINT LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:ASIANPAINTLong
by Palkesh_Agrawal
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