ASIANPAINT: Cup and Handle!ASIANPAINT is forming a cup and handle formation, with MACD in buy mode. I would go long with a target of 3350 and a stop-loss of 3010 on daily closing basis.
ASIANPAINT trade ideas
Asian Paint ASIANPAINT weekly chart
RSI & MACD showing strength, price action is very bullish with big marubozu candle
If momentum continues , the stock may head towards 3670-4550 region as shown by fibonacci extension in medium term if sustains above 3350
ASIAN PAINTSENTRY EXECUTED @3175rs
fresh entry can be done @>3340rs
sl @3265rs
one can find another breakout in short term
ASIANPAINT Double BottomRisky can enter into the stock at current level or wait for it to sustain above 3065, target 3600++
#BuyWatchList #ASIANPAINTSStock seems to be consolidating and can be bought on a breakout above 3319 if supported by volumes. Company has reported sales growth of 90%+ and profit growth of 160%+ in last quarter.
Possible Retest At Support LevelBuy @cmp - 2990
Target - 3150
SL - 2940
Big breakout happened already with good volume. Now consolidation is going towards the support level. Expecting a Long move from here.
Todays Pre-open Performance Chart-1 #ASIANPAINTSAfter Buying entry it has given 45+ Points Profit
It was a aggressive trade on Buy side, and a quick trade too only for experienced traders
asian paints has broken the resistance level buy asian paints.channel breakout in Asian paints and also a good company. Take the long swing or positional trade.Thats it guys hope it will get you few bucks
ASIAN PAINTS PRICE ACTION ANALYSIS. Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support.
Place your stop loss level below the demand zone 2.
The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book your profits here and wait for the price action for a new position.
All the levels and information is mentioned on the chart as well.
Happy trading :)
This is just for educational purposes. Trade responsibly with proper financial advice.
Asian Paints Cmp 3201 dated 31.8.2021Asian Paints Cmp 3201 dated 31.8.2021
1 Rectangle Pattern BO @ 3182
Buy for a tgt of 3250-3350-3400 SL 3100
It is just a view, pls trade at your own risk.
Asian paint breakout yesterday , if it retrace good accumuation Asian paint breakout yesterday , if it retrace one could accumuate for great return
ASIAN PAINTASIAN PAINT is Now Bull Market Started. (BUY RS:3060 ) (STOP RS:3018) (TARGET IS RS:,3166 ,3222 ,3267)
📈 Pre-open MTF #PriceAction Analysis by #KRMG (01 Sep)👉 Stock 1- #ASIANPAINTS
👉 Sector - NIFTY50
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - As per the Hourly timeframe it is in good Uptrend and it has broken its Important Resistance and ALL TIME HIGH Level 3180 Convincingly
After it has given Good opening it continued the Uptrend throughout the day and maintained the original trend.
For Buyers to maintain dominance, it needs to close and sustain above the #CRITICALZONE (Pay attention to #PriceAction concepts taught)
🎯 Coming to sectoral pattern - #Nifty50 has given very strong Upmove yesterday and broken its ALL TIME HIGH Level
#KRMGPriceAction
#LearnWithKRMG
Asian paints 1 hr*For educational purpose only it's not a call. Do your own analysis.
Stock is forming cup and handle pattern and given Breakout of it now wait for retracement.
Thanks!
#Breakouttrades....
Big bullish movement in ASIAN PAINTS with opening up of economyIn this weekly time frame analysis, we can observe that Asian Paints is consolidating at the previous breakout zone in the form of a rectangle or a Darvas box. A strong RSI of 69 along with bullish harami candle in the weekly time frame shows strength of upcoming bullish momentum. A pure 10% upside is pending
Prediction:
Buy at CMP
SL at 2920
Target - 3400
Asian Paints is expecting Breakout form Strong ResistanceTraders are requested to keep an eye on the Asian Paints stock as it is expected to give break out from the major resistance or concentration of the supply zone. you can get good profit if the Breakout happens. thank you to all of you
Expecting Breakout ✌✌✌ This scrip is expected to give breakout as it is on the verge of breakout. So traders keep on your radar to catch the momentum and enjoy the profit. Thanks to all 🙏🙏🙏
Cup and Holder ,Darvas Boxindication of Cup and Holder pattern , need to break Darvas box for confirmation.
