ASIANPAINT BUYING OPPORTUNITYAfter a minor downtrend price had taken support from the previous support zone. Breakout above 3200 level will confirm the uptrend as it breaks previous swing high.
ASIANPAINT trade ideas
#Asianpaint cash : Looks good above 3190.10#Asianpaint cash -Positional call
15 Nov 2021
Looks good above 3190.10
Stoploss 3160
Target 3218/3248/3288
Cmp 3168.70
Asian Paint Swing tradeAsian paints looks good at cmp for swing traders. SL below prev swing low. 1:2+ RR can be obtained here.
ASIAN PAINTS SHORT-TERM SWING TRADE!Hi everyone, Asian paints short term swing trade consider buy above 3,910 targets 3,350 & 3,505 stoploss 3110.
LOGIC BEHIND TRADE : Stock was in down trend & given breakout of dynamic trendline resistance and stock is near it`s static resistance 3,910 if sustain above it can go upto previous swing high 3,350 and if stock also sustain above 3,350 then can test it`s all time high resistance 3,505. & Stock looks good for short term swing trade. NSE:ASIANPAINT
ASIAN PAINTS- BUY WITH TARGET 3500Asian Paints has corrected a lot and returned to its long term uptrend line and taking support here with good volume accumulation. The reason for this nasty correction in the stock has mainly been a decline in bottom line margins in the quarterly results. We must understand if that is a worry from the fundamental perspective. It has been announced by the company that they will be increasing their product prices to keep their margins back to where they belong. And it is a sensible measure considering that raw material cost inflation has been the major reason for decline in the margins. And be assured that Asian Paints is one of the few companies that enjoy a great pricing power, which means the increase in prices won't affect demand much. The reason for this is another long discussion but a very interesting one. You can check out Saurabh Mukherjea's discussion on Asian Paints on YouTube to know the same. This gives the company enough power to increase product prices without much worry about demand. This assures investors that next quarter we should expect comfortable results.
All this coupled with the support on this beautiful uptrend gives me enough confidence to enter this stock at current levels with a target of 3500. That would be a beautiful 380 rupees a share move. Hope this plays out perfectly as I expect.
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Asian Paints - Breakout & RetestStock on a up trend , Break out , followed by a retest ..
Taken Support on 50 Day EMA too .
SL to be below Marked Support area , on daily closing Basis .
PAINT LOST ITS LUSTREEither flat or Zigzag is going on. Whatever it is-money is only along the direction of GRAVITY in this earstwhile gravity defying stk. CYCLE turns-season changes. Law of nature & I love nature. STATUTORY WARNING:-this is my view-NOT TRADING RECOMMENDATION. Follow your own method/analysis. Must understand the risks involved. NOTE: Don't forget to press like button to keep the spirit up.
Looking good at Buying Level near 2964-50Stock can bounce back any time. Though looks a good buy around 2950 level.
Disclaimer: No Recommendation to trade, views for study purpose and observation only.
Asian Paints: Lower top lower bottom observed
We are looking at daily charts of Asian Paints
- Since 24 Sept 2021, we observe the stock is making lower top lower bottom
- trading in a yellow channel
- currently near channel top
Given the set up
one may consider to sell Asian Paints 3200 Call option around 40
ROI potential of 8% on Margin requirement till 25 Nov expiry
Inbuilt loss protection for a rise up to 3240 till expiry
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
Cup & Handle @ ASIANPAINTS (GUARANTEED RESULTS)I spotted a Cup & Handle Pattern in ASIANPAINTS…
I believe tomorrow market will give a subtle but beneficial movement and people will EARN…
Good Longing Opportunity!!
NSE:ASIANPAINT
Asian PaintsAsian Paints
Remain Positive only till trading above 3130
Resistance from CMP 3222/3279/3344
ASIANPAINTS : Nice BUY trade setupMy wave analysis suggest a nice buy setup.
Happy trading.
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ASIAN PAINT BREAKOUTAsian paint give a reversal from 100 days moving average and give a breakout from consolidation with good volumes
ASIANPAINTSPrice may fall till the region marked below; Accumulate; and may start on another impulsive move; Intraday; Planning only short entries till price reaches the marked region and buy entries after price shows reaction.
#fractals
ASIAN PAINT BULLISHGo long in Asian Paints
As
1. it is taking support at 200 EMA
2. Cup and Handle Pattern
3. Higher Chances of Breakout.
Asian Paints ready to give brekoutAsian paint is beautifully creating the flag and pole pattern and ready to give the breakout upwards most probably
ASIANPAINT TRADE SET-UP FOR TOMORROWASIANPAINT share testing 3147 level as you can see in the chart, there is a strong resistance.
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Stock is making trendline and made higher high, tomorrow if stock break 3147 we can see the target of 3200.
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If stock break the trendline in downside, we will avoid this trade.
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Don't forget to like the idea.
ASIAN Paints Has taken good support at 200 EMA ,as well as following trendline since 20 may 2020.
Not a buying recommendation consult your financial advisor before investing.
