ASIANPAINT trade ideas
Asian Paint - Elliott Wave Perspect - 5th wave is unfoldingFrom Wave analysis it is known that 5th wave is unfolding - also internal waves of 5th wave are seeming to be forming by end of august/2021 Asian Paint stocks would reach 3650 (=~15%) and even further there on once it reach on confirm.
ASIANPAINT Trade Setup For Tomorrow ( 22nd July)So Asian Paint share give around 6% move on Tuesday, there is a two reasons behind it.
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1. Asian Paint was in consolidation mode from last so many days so it gave a breakout on Tuesday with the level of 3068.
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2. In the second half, Asain paint declare their good Quarter Results so it gives the more upward momentum to the share.
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So for tomorrow, there is a simple Strategy, Asian Paint share will retraced till .5 level mean till 3106 or 3083
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At the retraced level you should buy for the targets of 3270. .
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Note: Don't buy in the morning maybe after making one green candle stock will retraced, so buy only once it retraced.
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What's your view on this comment below in the box.
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
