AsianPaints taking weak support on 50 EMA and trend lineTaking dupport on both 50 day MA and trendline, however, the volume is lower than the average hence needs a follow-up. Worth keeping on radar
ASIANPAINT trade ideas
#Asianpaint cash : Looks good above 3265.10#Asianpaint cash -Positonal (Dont miss it)
05 Oct 2021
Looks good above 3265.10
stoploss 3230
Target 3340/3400
(Risk free above 3305.10)
cmp 3255
daily trend reversalCorrection seems to be over in this stock.Anticipating a decent upmove from here on.
Morning star candlestick pattern formationAsian paints, a wealth creator for great number of people. Here it is, offering an opportunity to enter after a healthy correction in the last week.
A morning star candlestick pattern is formed at the support levels as shown in yellow. This makes it a good buy trade with a stop loss below the support zone at 3140. The targets would be 2R at around 3485 levels.
Kindly note that this is not a recommendation.
Asian Paints Trend Line & resistance SupportNSE:ASIANPAINT
Buy above 3275 or 3305
Sl closing below 3145
T 3370, 3450, 3500
closing above 3500 can take above 3700
Asian Paint Power Move into Support, it will go Up1. Good Support at the Channel bottom
2. Power Move Into a Support, which means, within 5 sessions, there is Power move - Down.
3. Risk-to-Reward Ratio: When you trade the reversal after a power move into support, the nearest swing high is likely some distance away.
[ INTRADAY ] ASIANPAINT LONG 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
********
ASIAN PAINTS LONGAsian paints is back to retest the previous resistance.
A very important trendline lies in the same region.
This confluence of support will be confirmed if any bullish candle is formed here.
The risk to reward will also be favourable.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON ASIANPAINT.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Asian Paints: Festive season aheadAsian paints seen a good downmove, correction seems to be over as it is standing on its channels support plus strong Fib support of 3167, we can see a reversal from here. This will be a happy diwali wishes from Asian Paints to its investors ;)
Retest or reversal.This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
ASIANPAINT - Keep Holding Ascending Triangle Pattern Breakout on NSE:ASIANPAINT
Best buy CMP & add more near Trendline Support
Target 1 - 3735
Target 2 - 4126
Stop Loss - Daily closing below 3240
ASIAN PAINT IN DEMAND ZONE NOW FOR UPSIDE RALLYAsian paint is looking for buyers demand from this 3160-3180 levels for upside rally upto 3390 in short run.
STOP LEVELS BELOW 3150
{Views are only for educational purpose.}
Asian Paints - Quassy Work horseAsian Paints has tested a long term strong support and has reversed. Go long on Asian Paints to discover a new 52 week Hi.
BUY ASIAN PAINT - BULLISHBuy Asian Paint at Entry 3338
Coming in Weekly Supply Zone
Trade Setup - WIT
Target Mentioned on Chart
Asian Paints Buy 3400 SL 3350 T1 3430 T2 3450Please use trendlines for resistance and support. Do your analysis before taking any trade.
ASIANPAINT | Trending move | Buy on support#ASIANPAINT #daily
- Any price drop to support zone and trendline will be good buying opportunity
- If market sentiment is -ve, then wait for correction till 50EMA
- VOL has been good
#trading #priceaction #investments #tradingview
BUY BUY BUY@Thakurji46 From Trader for Trader💸
Buying the Dips and Selling the Rips
#TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
Asian Paints broke Previous resistance & moved at all time highAsian Paints broke Previous resistance & moved at all time high
one can go long with small stoploss
Long in Asian paints (Low risk)This scrip is undoubtedly one of the fundamentally sound scrips, it is in an uptrend since its listing, so we may long this scrip when there's a correction from a breakout. Now, it had given a good breakout with strong volume. As it's a large cap scrip, we may not see much volatility here, so it's a low risk trade.
Swing traders can consider this scrip to long in CMP with SL just below the support (3265) with a first target 3666. RRR is around 1:1 which is a decent one consideing low risk trade.
There might be pullback to the support zone, try to average he cost to maximize the return.
