ASIANPAINT trade ideas
ASIAN PAINT BOTTOM IS COMING 2260-2300 BEST BUYPlease see the chart its self explanatory.
there is huge demand zone for such a best stock.
Buy in range of 2270 - 2350 Range it will give best returns in 1 year
THE GIANT IS GOING FOR DEEP RED PAINT (ASIAN PAINTS LIMITED)Asian paints is looking going more negative on weekly chart i want to accumulate so i draw this chart
ASIAN PAINTS LTD 15min INTRADAYIn this chart we can see that the price is forming an Ascending Triangle pattern. If it breaks the trendline below, we can go SHORT. But the global market indices are in GREEN today. So there is more probablity of breaking the RESISTANCE above. If it breaks, we can go LONG in INTRADAY.
Asian Paints - Long - Morning StarAsian Paints is in downtrend and it has formed a Morning Star pattern.
Volume is also good.
Trend reversal may start from here.
Presently it is at a very crucial support as indicated in the chart.
Trade Carefully!!
Asianpaints Long (10 June)Asianpaints Long (10 June)
RSI- 33
Hammer Candle at bottom with increased volumes
Buy at CMP- 2710
SL- 2625
Target- 2865, 2918
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Charts and views are only for educational purpose.
good for buying asian paintsstock is near old support from where breakout came looks good for long with small sl
Possible Reversal From SupportIt's possible to take the reversal from this point (support).
Buy between 2660-2700
Target - 2900, 3100++
SL - Below 2600 (Closing Point)
It is good to buy June Future and wait to get a nice profit. Today movement of Jul Future - 2660-2710
Asian paints forming flag and pole pattern.Asian paints has been consolidating in a parallel channel.
The stock has formed a bearish flag and pole pattern on daily time frame.
The volumes are getting low.
Support:- 2830, 2743
Resistance :- 2920, 2970
The stock if breaks down can give a nice targets.
The stock will be good for a bearish trade and watch for the price action near the levels before entering a trade in the stock
ASIANPAINT levelsNSE:ASIANPAINT
#ASIANPAINT JUN 3000 PE given @ 118 and reached to 317 today and bagged 30K appx per lot.
Further levels marked for practice.
Check out the other levels shared, feel good about our analysis, pls leave your feedback.
Happy LEarning !!
Asian Paints - Down TrendAsian Paints - Down Trend...
have multiple supports...
Down Trend...
1. Based on the oil commodity
2. FII Selling pressure
3. Paint industry competition and
4. High P/E ratio
Asian Paint Ichimoku Bearish BreakdownToday's clsoing on Asian Paints is showing more weakness in Asian Paints. Price is below Cloud with volume shows further weakness in coming session. Keep the strick SL if short from current Level.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
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Asian Pain - Correcting in wave iv Log scaleAsian Paints is correcting in wave iv (of many times lower degree - means its in a wave 3 of many higher degrees) . It would be a screeching buy at at 2500 levels irrespective of the fact what Grasim does . Wait for that buy point . But at present short . Regards
Asian Paints Technical AnalysisThere are 1 H & S on daily and another one on weekly timeframe.
Asian Paints can show further downside movement if it breaks 2955.
Below 2494, Asian Paints will be in long term downtrend.
Asian paints forming flag and pole pattern.Asian paints had traded in a narrow range whole day after a initial up move.
On a daily anaylsis, the stock has broken its both crucial moving averages with a nice volume confirmation and can remain in green.
It has been taking resistance from its 4 hour 200 ema and has formed a doji in the end.
Immediate resistance are the high the points from where it retraced on a 15 minute time frame i.e. 3116, 3125
Once both the levels are crossed it can touch the target of 3160.
Support :- 3100,3072
Resistance :- 3108, 3120, 3160
It has formed a flag and pole pattern on hourly time frame.
Wait for the levels to break the range and watch for the price action before entering the markets.
#ASIANPAINT - Swing Trade#ASIANPAINT
Sell-Below 3000
Sl-3140
T- 2800 2670 2600
Stock is ready to break an important support zone. Ride it with strict trailing as it is a INDEX pack.
Short Swing: Asian Paint vs Crude OilWe can anticipate a breakdown in the Asian paint, if there is rise in price of crudeoil.
When the price of crudeoil goes up it inversely affects the prices that are dependent to it .Here is the comparison and reasoning for anticipation for breakdown :
Crude may rise up significantly with time
1) Global sentiments : Negative(EU oil embargo from Russia, China covid opening up increases demand)
2)Previous High low not broken(confirming uptrend)
3) Wedge pattern formation
Breakout will be create "significant" up move
Asian Paints chart Analysis
1)Double top formation
2)Support zone has been tested multiple time
3) Trading below 200 MA
(Note: I might have confirmation bias with trade. There is probability of me being wrong. Consult your adviser before taking any financial decision)
Stock Analysis For Tuesday's WatchlistDisclaimer - WE ARE NOT SEBI REGISTERED.
Stock Analysis For Tuesday's Watchlist..
Just recommendation of stocks. We are not responsible for any kind of profit or loss.
Asian Paints for long termAsian Paints always respects 20 EMA on monthly chart. The quality of company is excellent, Fundamentals are very strong. The stock is available at very attractive level........
ASIAN PAINT RESISTANT BREAKOUTDear All, Please checkout my analysis, Wait for Resistant line breakout, if resistant break, price might increase, if resistant not break, price might come for Support zone, then do sell
ASIAN PAINTs - Inside Candles formation, Range getting narrower The 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.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
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