asianpaints weekly bullishasianpaints took trendline support, and expecting 3400, 3450 as targets. now near small rejection point, it has to close above 3145 today,
ASIANPAINT trade ideas
Asianpaint can be a good swing trade.Asianpaint has broken the upward channel and has taken support on the previous swing and also on 200 ema.It is taken reversal on 50% level of fib retracement. It has shown a good move till now and can further be bullish. It can be a good swing trade and can give 10-15% more gains.
Go long with Asian PaintsPer this wave the target would be for 4000. One can go for short term as well till our first target.
Thanks
Sagar
ASIANPAINT: Ideal entry point for a target of 4250ASIANPAINT is bouncing from a very strong support level. I don’t foresee any significant downside from here on. A target of 4250 in the coming weeks is likely. A weekly close below the 50-EMA should serve as the stop-loss.
Disclaimer: The sugggestions here are only for information and follow-up, and are not trading recommendations. Trading at your own risk. NEVER trade without a stop-loss in place.
AsianPaint Bullish TrendAsian Paint Near Support-2907
Target-3400
Time Frame -1day
Positional Stocks
asianpaint at support ... buying already stared at this level.....may consolidate at this price for some time and than move up ....
Swing/Positional opportunity for 13.5% return || Asian PaintsThe stock is on a confluence of two supports (Uptrend and Horizontal) which indicates a good chance of going up from here. Can be bought for a target of 3380. CMP is 2980 and Sl will be 2780 on a closing basis. A 1:2 risk reward setup. Do FOLLOW for more ideas.
ASIAN PAINTS ON ITS MAJOR SUPPORT LINE Asian paints is in its major support line and has formed a doji candle on the line. If we see a good green candle this can be a good sign of reversal.
This will be a good risk:reward trade with minimum risk and maximum reward.
If stock breaks the support line ,don't enter it.
If stock bounces from here , this will be a good entry.
Look for bullish candlestick reversal patterns for best confirmation.
This analysis was done by me only for educational purpose. Feel free to share your views/feedbacks.
asian paints looks good to enter........................................................................................
ASIANPAINT BUYING OPPORTUNITYAsianpaint looks good on daily time frame as it had taken the support at the previous support level and made long wick candle. Above 3020 level good opportunity to go long.
#ASIANPAINTTop confirmed as of now
Option:
On crossing above 2982.40 on a weekly basis
On Daily the level is 3002
shall look for a swift rise to 3170 / 3260 / 3280 - 3285
ASIAN PAINT ACCUMULATION Good company lost the quarter estimates irt the increase in raw materials prices due to inflation
Just an opportunity to accumulate a very good quality stock
Combining technical and fundamentals .
Asian paint harmonic patternAsian paints formed harmonic pattern.
Took resistance somewhere around 2900 as per previous resistance.
It can now consodilate for few days and then go for bullish.
#AsianPaints next updated harmonic#Asian Paints next updated harmonic
PRZ-3056-2962
CMP:3169 @20 October 2021
LongAt strong support now must buy between 3150-3200
T1- 3250
T2-3300
SL-3100
Duration-3-4 week
Preferably buy 3480ce @9.65
Sell 3440Ce @48
[ INTRADAY ] ASIANPAINT SHORT BET
risk: Reward ratio is 1: 2
Rest as per Charts
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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.
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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.
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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
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[ INTRADAY ] ASIANPAINT SHORT 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
********
