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

ASIAN PAINTS LTD.

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ASIANPAINT trade ideas

[ Positional ] ASIANPAINT Long Betr : R 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 at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which 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 own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. 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 mostly 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 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
Building long position on Asian PaintsTranche 1 of 16 shares @ 2737 1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA Price is on a downward trend with a major sell off this week 2. Is there any trend reversal in play? 1. No trend reversal in play 2. At important support or resistance - horizontal - Yes brought when crossed bg support downwards 3. At important confluence of EMAs + price + support - Yes - Near support and 50 EMA weekly 3. How are the candlesticks behaving and what is the volume doing Decline in price with large selloff volume 4. Is there any trend continuation in play? Downtrend looks to continue 5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance) No 6. Fundamental factors in play 1. EPS growing quarterly and yearly due to revenue growth and OPM growth... Q3 2021 was fantastic 2. Are institutional investors/promotors increasing their stake - No movement in shareholding 75% help be promoters and FIIs
NSE:ASIANPAINT
by Golden_Ratio_Capital