ASIANPAINT trade ideas
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
Asian Paints- Tgt1, Tgt2, and Tgt3 Asian paints is in an upper trend and currently in a small retracement on the back of the low volume. It has two possibilities -either move up or move down. I have a strong feeling, it won't go further down from here as:
a) It is in an established uptrend,
b) It is moving in a trend channel.
c) Currently it's taken support at weekly CPR and POC.
I am hopeful that it will meet tgt1 within the next 3-4 trading sessions.
Please note that I am a charting student and this analysis is just for my learning and educational purposes and for my seniors to comment.
Asian Paints Ready for breakoutAsian paints taking support from 50 day EMA ready for breakout ( also Descending Wedge Pattern )
T1 - 3090
T2 - 3100
T3 - 3115
Also, im just a beginner if u are an advanced trader and see any mistakes pls comment.
Will update.
#Asianpaint cash : Looks good above 3030.10#Asianpaint cash -Must trade
01.07.2021
Looks good above 3030.10
stoploss 3010
Target 3048-3050/3074/3100
Cmp 3021.60
(If my level is crossed in 1st 5 mins..
then buy above High of 1st 5 min candle)
