ASIANPAINT trade ideas
asian paint -for 10.06.20211. looking good to buy above, 2950, targets - 2962, 2977. SL-2941
2. looking weak below 2934, targets - 2921, 2906. sl- 2944
3. void if opens big gap up or gap down
Asian paints triangle formationNSE:ASIANPAINT
consolidating inside a triangle.respecting the up trendline and trying to move up.
I will be waiting for a breakout and retest to enter that can give good risk to reward. 15min inside candle breakout also can be an entry if the volume is also supportive. watch daily pivots to book profits if it goes above after retest
Asian paints Pole and flagAsian paints sideways as long as above red trendline, On which w pattern is formed.
Bearish if crosses below that line with impulse.
ASIANPAINT FOR LONGASIANPAINT
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1. WEEKLY RESISTANCE BROKEN
2. CURRENTLY IN RETESTING PHASE
ANALYSIS
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(n-2) week candle broke the resistance
(n-1) candle is doji. A doji tells indecision
We have to wait this week to understand the direction of the stock.
NOTE: During this week, on a 2hr chart, if the price closed above 3000 then we can place order at 2988.
Please like the idea and follow me if you find this useful.
Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
Asian Paint buy Above 2910 Target 2930- 2949- 2975 SL Below Asian Paint buy Above 2910
Target 2930- 2949- 2975
SL Below 2885
Sell Below 2875 (SL above 2900)
Target 2852- 2830-2815-2800+
Intraday Trade
Note -
1.Trade only if 15 min candle sustain above or Below given entry Price.
Intraday : Long EntryTwo entries might possible,
1 - Formed 1Hr demand and also broke Previous high we can take entry once price enters to the marked zone
2 - currently price trying to breakout previous high once breaks we can look for entry at retracement
Asian paints longAsian paints finished a rally form 0 to 1 level of fib retracement and then reversed from the highs at 2850 level and trying to get back to zero level.
so longing at 2535 and another lot at 2500 makes sense
with an SL of 2425.
Asian Paints - ShortMultiple Reasons to go short:
1. RSI - Std Bearish Divergence is seen in 1 Hr & 15 Min Time Frame
2. Head and Shoulders Pattern in tandem with what looks like a descending triangle pattern
3. Broke the trend line, retested at the extreme of the trend line, and moved lower.
4. Negative Price action constantly developing at VWAP
If price opens gap up near 20EMA or VWAP, It should be a sweet spot to go short directly.
Target 1: 2910 levels and Target 2: 2885 levels
ASIAN PAINTS retracement pending ASIAN PAINTS will give huge profit in coming days. Keep your eye on it. Initiate fresh buying only after retesting its NSE:ASIANPAINT break out level, which is 2874. Buy for 1st target of 2964, 2nd target of 3128 and 3rd 3250.
This idea is only for educational purpose, trade it at your own risk.
Those chart which I have shared till yet has given good amount of profit. So, if you like my ideas please like, follow and share.
ASIAN PAINTNSE:ASIANPAINT
📊BREAK LIMIT ZONE
⚪In candlestick chart, while breaking the Resistance line, Price creates a Rally Base Rally Structure....
⚪This should be traded on the retracement...
🔴DISCLAIMER : This is just for educational purpose....
BUY : ASIAN PAINT : BREAKOUT DONECMP 2903
This is right time to buy asian paint,
as we can see on chart break out done
Target 2930 - 2945 - 2960
SL 2880
Asian Paints - Flag PatternAsian Paints has formed a flag pattern in 30 min TF
Trade whichever side the pennant is broken
To motivate me, give a like and show your support.
Please stay safe. Happy Trading!
Regards,
Segan
Asian Paints Good BreakoutAsian paints has broken out from a penant and now pressing against a resistance further which a stronger upside or a shorter drawback possible.
Asian paints- clean breakout with CUP&Handle Bridge of 2800 Resistance with explosive candle and consolidation at 2800~2850 and clean breakout at present level give confidence that the break will sustain unless there is any fall in the major indices.
Entry can be taken at present level.
Target T1-3115,T2-3400
SL -2700
