ASIANPAINT trade ideas
Asian paint for 29.06.2021understanding trades through support and resistance.
trade will remain void if opens big gap up.
Asian PaintsAsian Paints, Retesting previous resistance now support.
Till trading above 2984-2960 remain bullish.
Short term weakness may come if it stays and sustains below 2960
Asian Paints Ltd - 25.06.2021Asian Paints Ltd - 25.06.2021
The stock has made an all time high of 3092.85
There is a Spinning Top in daily chart
There is RSI Bearish Divergence in weekly chart
There is Stochastic Overbought in weekly chart
Prices are @ ema
one can initiate a sell position when prices go below 2970 with stoploss @ 3020
Asian paint for 23.06.2021understanding trades through support and resistance, asian paint can give good downside move tomorrow.
avoid trade if its opens big gap up or gap down.
CautionAfter a fantastic rally, #AsianPaints has made a #BearishEngulphing chart pattern on daily scale. Below 2990 one may think of booking partial profits whether he is interested to #Short or not.
ASIANPANT BULISH BY FIBNACHI RETRACEMENT THERE IS DECENT TARGET ADD ASIANPANT AT NEAR EMA 8, 13, 21, 34, OR 200 WMA AT 1HR OR 1D .
I AM NOT A SABI REGISTERED ADVISER .
THERE IS ALWAYS GOOD TIME TO INVEST IN GOOD STOCKS.
THANKS
Asian paint, Tata consumer , Deepak nitrite,equity option, hedge position, for 21.06.2021.
you may hear some speech fumbles due to having cough and cold, sorry for the inconvenience.
Triangle Breakout consolidation inside a triangle with volume getting low
Target: 3060,
SL : 2928
P.S: This is NOT an investment advice. This is for only educational purpose. Invest your capital at your own risk.
