ASIANPAINT trade ideas
Stocks algo selection (21-02-22)Dear Friends,
Refer chart for tomorrow stocks Algo..
we have select four stocks for tomorrow market based on Analysis.
Regards
Kirit Chavda
Asian Paints...Important Investment levels in case of Crude price pressure...
Fundamentally very good stock. Keep accumulating...
Study based on purely technicals....
For clarity have marked on weekly charts.
Lets Revisit this chart every week...
Will update s the movement happens in comment section..
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ASIAN PAINT - Short OpportunityShort Opportunity -
Asian paint has formed descending triangle, which indicates that there fill be downside movement is expecting. Once the MA is headed down and if the candle closes below the 3236.05 level this will be a good bearish trade. The CCI is near 0 we have to wait till it turns minus. The CPR is narrow and at the downside, which also gives a green signal to bearish trade.
ASIAN PAINT - Long Opportunity*Long Opportunity* -
Asian Paint has formed sending triangle pattern on 15M timeframe. The CPR is narrow and upside, it also indicates the uptrend. If this stock crossed the level of Rs. 3278.50 then this will give a strong bullish move. Also, the Day chart and Week chart is showing the uptrend.
Asian Paint Long OpportunityNSE:ASIANPAINT The stock is following the channel perfectly and from last 3 weeks sustaining above lower edge of the channel. On weekly chart a hammer candle formation is visible. Buy above 3271 Target 3500. Sl 3150
Note: This is not trading recommendation
Hammer candle on weekly chart The stock is following the channel perfectly and from last 3 weeks sustaining above lower edge of the channel.
On weekly chart there is a hammer candle formation is visible.
Buy above 3271
Target 3500.
Sl 3150
Special Post on Asian Paints After Receiving lots of request i have made this video
People who are witnessing some loss in this stock have made numbers of email to me asking what to do
I made small efforts in Explaining what I know
Rest trade with your own methods
Good luck
ASIAN PAINTSAsian paints looks good to trade near our trend line,lets wait for it to come near our trend line
Tight Range please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Asian paints case study: using Elliott wave & price action.
Asian paints had corrected more than 16% in just a month .
After 101 days, the price is back to the strong support zone.
Price has made a kangaroo tail/hammer candlestick pattern on the support zone. 200EMA is also near to price.
Wave principle is also giving a similar explanation.
There are three confirmations to find the ending point of wave four.
1. Price can take 61.8% retracement of the 3rd wave at 2782 , which is also a monthly support level.
2. Wave 4 can end nearby to support area.
3. sub-wave C of wave four is 161.8% of wave A at 2845 .
If the price enters the parallel channel, we will get a candlestick pattern and support zone's demand pressure.
200 EMA is also supporting this statement, which is close to the price. Or we have to wait for the monthly support level where the price is getting support, but entry is not possible without any reversal signal.
If the price isn't giving any reversal signal, the price will fall continuously.
Violation: Wave 4 can never touch wave 1. (at 2692)
I will upload an intraday chart with entry and targets the Asian paints soon.
ASIAN PAINTS SWING ACTIVATES ABOVE 3160Asian paints has taken support of the trendline.
Bounced from 200 MA
Sitting on demand zone
Above flip level
Making Higher highs Higher lows
Healthy retracement of 78.6% done from last swing high
Sitting above 61.8% fib support.
Buy above - 3160 (closing basis)
Other trades are going well i'll link them below.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Asian paints (14-01-2022)my view asian paint down side why first this stock down (A,B,C) wave and second wave up move (A,B,C) this show flat correction and third wave C direction down side (1,2,3,4,5)
Asian Paint Short TradeAsian paint is looking week and forming a rise wedge channel pattern if we get breakdown below 3090 we can see a good downfall in upcoming days. if it goes above we will avoid the trade
asian paintsswing trading
Upper trend range bound in parallel
4 feb 2022
First target 3550
Second target near about 36690
asian paints 1 hrlooks good above 3240 closing trading in channel trade accordingly
do your own analysis before trading
ASIAN PAINTShere Asian paint is in the 4th wave
it should take support at that yellow box so one can buy there
Asianpaints at Demand zoneNSE:ASIANPAINT
Asian paints at Demand zone, and at trendline support. Expecting Feb series to close above 2800.
Trading Idea:
Buy Asianpaints Feb 2600 ce btw 36 to 40.
SL: 30, targets could be 80/120/160/200 plus.
DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
Asian Paints : Swing tradeAsian Paints taking support at trend line perfect candidate for swing trade.
Good upside possible
keep eyes.
