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
ASIANPAINT trade ideas
[ 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
********
[ 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
********
ASIAN PAINTAsian Paint taking support at 50 MA, seems like a good support on trend line. Results on 21st Oct. It could show a good short covering. Delivery has been taken at each dip. Demand Zone - 3200
Entry - November Future.
SL - 3170 DCB
Target - 3500, 3700
Trend shifting in AsianPaint. Bullish to Bearish.In the stock AsianPaint Price is ready to shift in down trend after a excellent bullish trend. Price give us breakout of bullish trend line now we can short. keep watching this stock
Asian Paints Cmp 3323 dated 12.10.2021Asian Paints Cmp 3323 dated 12.10.2021
1. Buy above 3350 for a tgt of 3375-3425-3475-
3510 SL 3265
It is just a view, pls trade at your own risk.
ASIAN PAINT - IMPORTANT LEVEL - SWING ALERTFinancials : For the quarter ended 30-06-2021, the company has reported a Consolidated Total Income of Rs 5,674.97 Crore, down 15.64 % from last quarter Total Income of Rs 6,726.84 Crore
and up 91.09 % from last year same quarter Total Income of Rs 2,969.75 Crore. Company has reported net profit after tax of Rs 576.82 Crore in latest quarter.
The Construction sector is witnessing growth and Asian paints is expected to grow well.
Technically If the level marked is broken, we can capture a good move. Volumes are increasing steadily and we have seen how quickly the stock can rally.
PLAN YOUR SL ACCORDINGLY
Chart Study not a call
ASIAN PAINTS: Correction AheadWe can clearly identify a five wave structure . No matter which degree wave it is , but after every five waves up there should be a three wave correction. On a lower degree the nature of fall suggests that the correction will be most likely a zig-zag correction. One should go short on current level or on any rise keeping SL of 3500 & look downside for the minimum target of 3000-2950.
Asian paintsAsian paints :
Price / EPS (PE) 90.58
Price / Sales 14.54
Earning / Share 32.73
Dividend / Share 17.85
Dividend / Yield 0.560%
Price / Book 24.65
Market Capitalization 315998.18 Cr
Enterprise Value 304863.22 Cr
Share Overview
Promoter Owned 43.32 %
Institution Owned 16.79 %
Public/Others 39.88 %
Outstanding Shares 95.92 Cr
Floating Shares 43.77 Cr
Floating / Outstanding 45.63%
Book Value/Share 133.51
Face value 1.00
Asian Paint Daily Time Frame AnalysisAsian Paints Daily Time Frame Analysis
Strong Base at 3150-3180 zone
Minor Resistance at 3400 zones
After profit booking session of 1 week expected a bounce from this base
I have already initiated my position at 3200 with a stop loss of daily closing below 3170
Targets are mention on charts
1st target at 3500 as after this we can possibly see a double top so book here
but if it sustain open its way for 3700-4000
TO THE MOON !!
Time Frame : 1 - 2 Month
ASIAN PAINTSNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
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 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.
