ASIANPAINT trade ideas
ASIANPAINTGreen Marubozu with a strong volume.
Crossing the logical resistance levels like a powerful bull.
Asian Paints looks good here for an upmove1:1.77 risk to reward ratio. I am not a sebi registered trader/broker, above views are purely mine and can be used for educational purposes!
Asianpaint Hope you guys enjoyed profit on this. Related chart attached. Follow for more hit chart. Similar move expected on TCS, PVR.
Asian Paints Swing TradeAsian Paint Breakout , Strong Volume, RSI Monthly , weekly and daily well above 60. And the Q1 results are very strong which will act as catalyst to the move
Downward Broadening Wedge on APEnter Only when a good volume is available when breaking the 2991-2992 resistance.
Do not enter when a shooting star is formed after breaking the resistance.
ASIAN PAINTS Trading Setup1. Consolidation after long term Bullish Trend
2. 0.618 Fibonacci support
3. Head & Shoulder pattern
4. Trendline Breakout
intraday it can be possible to continue the trend in this scenario.
avoid if huge gap down happen, take if retest properly.
do your own study before taking any decision my analysis are for educational purpose.
Asian PaintLeading Indian paint manufacturer.
Support - 2870 Stop Loss - 2480
Upcoming Target - 3100 3250 (Fibonacci)
ASIAN PAINTS LTD : HAVE A LOOOOK...HEY its a double top pattern .
have a look in this chart it taken breakout then u have wait till the buy pattern .
next you can take the trade .And follow the "Resistance and Support"
And technical bill williams'3 lines
