Asian paint Swing trade idea#Asianpaint #asianpaintlong
Asian paint may give a good 1:2 R:R trade.
Entry=2955 Sl=2918(HCLB) Target=3048
Disclaimer:- This is not financial advice, This is my personal trade.
ASIANPAINT trade ideas
Asian paint above 3000(hourly closing)Price and volume contraction pattern in asinpaint
IF closing given above 3000 then we may see sharp up move
as huge oI at 3000(which is likely to unwind if cross 3000)
Above 3000(hourly close)
target 3090-3160
good support near 2975-2950
Please maintain SL closing basis
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy (for traget-1 ) around 71%(Please maintain your SL)
Asian PaintsOn hourly time frame asian paints is forming a triangular pattern and also taking support on the 50 ema which is very important level.
ASIAN PAINTS at its support Buy at 2347I will buy ASIANPAINTS because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 2347
Target : 2800/2882
Stop loss : 2150
BUY ASIANPAINTBUY ASIANPAINT
2940-2950
TARGET 3300
STOPLOSS 2750
EDUCAION PURPOSE ONLY (TAKE 1 -2 MONTHS)
ASIANPAINT | Taking major trendline supportASIANPAINT | Taking trendline support - Expecting a bounce
CMP : 2480
SL : 2300
Target keep it open for few months. Can see a good rally as long as it stays above the long time trendline.
Minimum should hold atleast for 1:3 risk reward (3020)
Asian Paints Upcoming break out As i have drawn , it is clear tracing supports and resistances to lines , so we can exapact clear break to upcoming new high.. do follow me for more ideas on other shares like reliance , L&T , et c.. this is just An idea .
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
