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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 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
Asian paints forming flag and pole pattern.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 rejection. Asian paints is forming a nice pattern. Let the stock give a break down and close outside the consolidation zone. Target :- 3045, 2981 Stop loss :- 20 ema on daily time frame. Wait for the price action near the levels and enter only after the stock break down of the consolidation zone.
NSE:ASIANPAINT
by Mambotrade
[ Positional ] ASIANPAINTS Risky Long Betr: R is 1: 2 Rest as per Charts Note - One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart says "were" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level that says "Buy if it breaks, " you should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my small capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta", "Bounce", "3BB" or "Entropy" - My systems. ======= I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take a reverse transaction. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is primarily the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:ASIANPAINTLong
by Prem_Agrawal
[ Positional ] ASIANPAINT Long Setupr: R is 1: 2 Rest as per Charts Note - One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart says "were" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level that says "Buy if it breaks, " you should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my small capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta", "Bounce", "3BB" or "Entropy" - My systems. ======= I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take a reverse transaction. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is primarily the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:ASIANPAINTLong
by Prem_Agrawal
Asian Paints: Is it Losing it's shine? Diwali season is considered one of the best season to get your house painted. With festive season gone behind us, is Asian Paints losing it's shine ? Let us look at what chart has to tell us... We are looking at daily charts of Asian Paints The stock is seeing a lot of selling since it made a high of 3582 on September 28 - the stock is trading below it's 21 day, 50 day and 252 day EMA These are not the signs that a strong bullish stock will show... Going forward 3112 -3260 may potentially act as strong resistance zone Support at 2830 / 2660 Important levels have been discussed. Trust it would help you plan your trade accordingly 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:ASIANPAINTShort
by indiamarketoutlook