ASIANPAINT trade ideas
Asian Paint LongWill try to make some position in Asian Paint once it breaks the 1hr trendline. Reason for trade:
1. Support taken at long term trendline.
2. LL LH structure is broken.
3. Daily trendline is broken.
Note - This is my personal view only for educational purposes and I am not a SEBI registered expert. Follow your financial advisor for any work in the stock market.
head and shoulder in asian paintdoing my first chart pattern analysis posting hope you like and correct me if any mistake
Horizontal resistance breakout in ASIAN PAINTSGood volume green candle
Horizontal resistance breakout
Lowr supportive trendline
Levels marked in charts
Target 8-10. % for swing trade
Only for educational purpose
Combining Time cycle+Channel+Candle-stickI tried putting Elliot wave label on Asian paint daily,weekly and monthly chart and couldn't come to any logical conclusion,as the uptrend didnt followed any fib rule's neither did any major swing have an internal structure similar to elliot pattern cumulatively which could make an elliot pattern.
Never the less i have shown channel on the monthly chart which seems to be acting as good support and rasistance and as an investor who likes safety and decent return and who does research on it's own look's for good entry point where he can invest his money.
This can be achieved by plotting simple channel's across the chart connecting bottom's with bottoms and top;s with tops.Add to it i have tried plotting time cycle with 58 month period and it has also captured low's on most of the occassion.
Price moving near upper channel and lossing momentum has resulted in minor corrections and an investor should wait for prices to come near channel support levels for entering into a stock.Here i have shown several top's where prices were nearing upper channel line and has given bearish reversal candle stick pattern near upper channel line signifying weakness in near future.
observe when in the candle next to reversal candle low's of reversal candle is breached a meaning full correction has given good opportunity to investor enter into a stock,also top's are formed during the first 60-70% time of the cycle(not every time but in general) and we are already in that time zone of current cycle.
To sum up,price have reversed from upper channel line and has formed grave stone doji top reversal pattern in last month and in this month we are seeing follow through selling when we breached previous month's candle's low along with time cycle approaching top forming time zone hence long positions should have a definate stop-loss depending upon one's risk apetite as we are seeing top formation characteristics on monthly charts.
Fresh long's is not advisable at this point of time,on the downside level of 2250 remains crucial support.If in coming 4 months we get close below 2250 then we can assume that we have formed a significant top at 3500 level which would not be breached easily and would take significant time to overcome.
Disclaimer:I am posting this analysis just for my future reference purpose,positions should not be build or exited on the basis of this analysis.
Asian PaintsRespecting this trend line every time... best buy price would be around 3030 with trend below stop
Asian Paint took support at 200 EMA & taken revers frm pull backAsian Paint has taken good support at 200 EMA and reverse back. Also, now it has broken the trend line with good volume.
Great pull back and reverse from the trendline.
Long term
OPT-ASIPAI-30-Dec-2021-3080-PEBuy OPT-ASIPAI-30-Dec-2021-3080-PE at current price
Will update Sl shortly
Asian PaintsAsian Paints
By above 3205
Target 3263,3346,3503
Downside sell below 3145
Target 3067,2964,2956
#Asianpaint cash : Looks good around 3170-75#Asianpaint cash -Positional call
24-Nov-2021
Looks good sell around 3170-75
Stoploss 3210
Target 3130/3072
Cmp 3152
ASIAN PAINTS: Correction ContinuationAs per the current structure the rise is in three waves , means its not a starting of an impulse. As per the current scenario one should go short near 3180-3200 with SL of 3310 & look for the target of 3050/2900/2780
Narrrow CPR NSE Stocks for 23-11-2021NSE:ASIANPAINT
NSE:CIPLA
I NSE:INDUSINDBK
NSE:GRANULES
NSE:GODREJCP
NSE:RAMCOCEM
NSE:BSOFT
Asian paints Long Asian paints looks good here for a short term swing, it has just broken its trendline. Target levels mentioned on the chart T1:3193, T2: 3264, T3: 3351, T4:3393. I am not a sebi registered advisor/trader and the views are solely mine. Please follow a strict stop loss of 3023 after initiating the trade.
Buy between CMP to 3080 SL 2856 TGT 3497 and 3769Suggestions are based on my analysis only. Please do your analysis before taking any trade.
I have created a mathematical indicator and for that Asian PaintNSE:ASIANPAINT
Some Last Trades:
Trade # Type Signal Date Price Contracts Profit Cum. Profit Run-up Drawdown
14 Entry Long long 18-02-2015 839.1 1 181.35 961. 05 181.35 146.1
Exit Long close 01-06-2016 1020.45 21.61 % 0.18 % 21.61 % 17.41 %
15 Entry Long long 11-07-2016 1020 1 230.35 1191.4 230.35 168.9
Exit Long close 12-09-2017 1250.35 22.58 % 0.23 % 22.58 % 16.56 %
16 Entry Long long 12-10-2017 1156.5 1 258.4 1449.8 258.4 66.4
Exit Long close 23-07-2018 1414.9 22.34 % 0.26 % 22.34 % 5.74 %
17 Entry Long long 16-10-2018 1257 1 272.4 1722.2 272.85 139
Exit Long close 26-07-2019 1529.4 21.67 % 0.27 % 21.71 % 11.06 %
18 Entry Long long 23-09-2019 1697.85 1 357.95 2080.15 357.95 266.65
Exit Long close 10-09-2020 2055.8 21.08 % 0.35 % 21.08 % 15.71 %
19 Entry Long long 11-09-2020 2063 1 446. 05 2526.2 446. 05 155.25
Exit Long close 09-12-2020 2509. 05 21.62 % 0.44 % 21.62 % 7.53 %
20 Entry Long long 28-12-2020 2654.25 1 600.35 3126.55 600.35 394.25
Exit Long close 01-09-2021 3254.6 22.62 % 0.59 % 22.62 % 14.85 %
21 Entry Long long 29-09-2021 3365
Exit Long Open
Secret Indicator Analysis:
All Long Short
Net Profit 3126.55 3126.55 0
3.13 % 3.13 % 0 %
Gross Profit 3220.55 3220.55 0
3.22 % 3.22 % 0 %
Gross Loss 94 94 0
0.09 % 0.09 % 0 %
Max Drawdown 94
0.09 %
Buy & Hold Return 3835182.93
3835.18 %
Sharpe Ratio -1.894
Sortino Ratio -0.918
Profit Factor 34.261 34.261 N/A
Max Contracts Held 1 1 0
Open PL -138.15
-0.13 %
Commission Paid 0 0 0
Total Closed Trades 20 20 0
Total Open Trades 1 1 0
Number Winning Trades 19 19 0
Number Losing Trades 1 1 0
Percent Profitable 95 % 95 % N/A
Avg Trade 156.33 156.33 N/A
0.16 % 0.16 % N/A
Avg Winning Trade 169.5 169.5 N/A
0.17 % 0.17 % N/A
Avg Losing Trade 94 94 N/A
0.09 % 0.09 % N/A
Ratio Avg Win / Avg Loss 1.803 1.803 N/A
Largest Winning Trade 600.35 600.35 N/A
24.57 % 24.57 % N/A
Largest Losing Trade 94 94 N/A
20.02 % 20.02 % N/A
Avg # Bars in Trades 135 135 0
Avg # Bars in Winning Trades 138 138 0
Avg # Bars in Losing Trades 88 88 0
Margin Calls 0 0 0
ASIANPAINTS - could move to all time high again ASIANPAINTS - crossing 3150 decisively. One more buying session should push it higher. Could make all time high again.
