Asian PaintsAsian Paints after long consolidation on yearly charts
Ready For breakout
Once cross 3034 can surge fast
3060 ce OI
ASIANPAINT trade ideas
Sleeping Giant - ASIAN PAINTS - BUY LevelAsian Paints has been an excellent wealth accumulator. Currently in sideways since 2022. This is accumulation phase after a long up trend. Expectation is of continuation of up trend after this.
1. Support - 2700.
Resistance - 3500.
2. Trend -
a. Long term trend is UP.
b. Since 2022 it is in sideways consolidation.
3. Conclusion - After a good long up trend
accumulation is going on since last 2 years.
BUY around 2700.
First Target 3500.
Next Target - 4300.
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ASIAN PAINTS- Self analysisASIAN PAINTS- Self analysis
1) Round Bottom
2) Good rejection
3) At Good SR on WTF
4) Good for FNO of August or maybe septmber 2024
lets see
ASIAN Paints close to moving out of consolidation Asian paints has been in consolidation phase from a long time over a long time frame.
Currently it is showing some indication of breaking out of the resistance levels. Green line in the chart a midterm resistance. Once crosses and sustains it can give good move in near term.
I see it touching the move higher level resistance marked in purple line at top around the level of 3180-3200.
Once that line is crossed with great volumes and after retracement on the same line can show some good move also touching ATH all depending on overall Market conditions. Up levels 3200-3340-3560 and more per volume with lower levels around 2.5k
No recommendations, just my view based on chart pattern.
Asian Paints Trend BreakoutIt has good consolidation breakout in 2hr timeframe. Keep accumulating it for the good higher target if sustains on the given levels. Keep trailing SLs as per your needs.
Asian Paint LTD Paint sector Leader stock Asian Paint broke resistance and ready for fly currently Price of 3036 Make sure remember this point this stock part of nifty 50.
ASIANPAINT : Nice ConsolidationStock Analysis:
Long Trend Line: The stock has been following a sustained upward trend, indicating consistent growth over time.
Consolidation Phase: Recently, the stock entered a consolidation phase, where its price movement became more stable and less volatile. This phase often represents a period of accumulation, where investors are gathering shares before a potential breakout.
Volume Buildup: During this consolidation phase, there was a noticeable increase in trading volume. Higher volume can indicate strong investor interest and can be a precursor to a significant price move.
Breakout: Today, the stock broke out of its consolidation phase. A breakout, especially accompanied by high volume, is a bullish signal suggesting that the stock may continue its upward trajectory.
Shifting Base: The stock's base price, or support level, is shifting higher. This is a positive sign as it indicates that the stock's price floor is rising, reducing downside risk.
Target to ATH (All-Time High): Given these factors, the stock looks poised to reach its all-time high.
Call to Action:
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Stock taking support on long trend line followed by consolidation.
Volume build up in consolidation phase and today gave breakout. stock looks good as the base is shifting towards the new high and rate to reach ATH
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Chart looks good ASIAN PAINTS As per trading set up, the stock consolidation is likely to finish in coming days and ready for upmove, breakout on daily charts has came and awaiting for price action. So, 2980 ce, 3000 ce, 3020 ce, 3040 ce of July series are good to hold or can buy on the day when it will cross 2940 and 2950 with good volume and price action.
Asian Paints Ltd. ( 20% upside potential )Sector: Paints
as we can see on HTF M/W structure very bullish...
on daily TF price may take supports @ HTF demand zone n start to make HH & HL pattern...
Indicator such as bollinger band N RSI supportive on DAILY TF...
one can accumulate this script in every dip for ATH high target AND SWING traders may accumulate this for the tgt 3350/3485....
Optimal Entry Point: Asian Paints Indicates Long-Term BuyingIdeal Time to Invest: Asian Paints Shows Strong Support and Bullish Momentum
Asian Paints is currently supported by the 200 EMA and a key weekly support zone, indicating a favorable opportunity for long-term investment. Furthermore, the weekly MACD histogram has turned green, suggesting potential upward movement. Learn more about why now might be the right time to add Asian Paints to your long-term investment portfolio.
Disclaimer - This analysis is for educational purposes only and should not be considered as financial advice or a recommendation to buy or sell securities.
Asian Paints AnalysisThe stock looks good.
The stock is consolidating near the support. Might give an Upper move or down move which will be very fast move.
The monthly RSI also looks, below multi year.
asian paint sellasian pant is showing weakness because 3480 is a strong resistance which it has rejected multiple times , its better to bet on bear side on this stock ,
atleast 61% pullback requierd to break this level
ASIANPAINT 10-06-2024Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) support bounce.
2) Chart looks good for R:R
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
ASIAN PAINT LTD Will it change its Trend Soon???ASIAN PAINT LTD Will it change its Trend Soon??? what do you think
Asian Paints Ltd - Breakout OpportunityDate : 5-Jun-2024
Rating : Buy - Positional Trade
LTP : Rs. 2,961.75
Targets: (1) Rs. 3,180 --> (2) Rs. 3,308 --> (3) Rs. 3,423 --> (4) Rs. 3,590
SL : Rs. 2,777 on daily close basis
Technical View:
• Since Apr-2021, NSE:ASIANPAINT is moving sideways between 2,560 and 3,590. It was recently going through it's secondary downtrend.
• After touching the high of 3,422.95 on 29-Dec-2023, it has retraced 22% to 2,670.10 level.
• On 5-Jun-2024, NSE:ASIANPAINT has broke out from its secondary down trend with higher than average volume.
• NSE:ASIANPAINT has also closed above 20 DMA, 50 DMA and 21 DEMA on 5-Jun-2024. Very close to cross the 200 DMA.
• RSI has formed bullish cross over and trading at 61.23. MACD is in buy zone and trading at 11.65.
• Both MACD and RSI has formed positive divergence indicating trend reversal and bullish momentum.
• Looking strong to start a new swing from here.
Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
asian paint bullishasian paint respected support level few days ago, also consolidating from many days, sign of bullishness, go long with sl 2840
[ POSITIONAL ] ASIANPAINT LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
Cup and handle formation in Asian PaintsCup and Handle Formation in Asian Paints: Potential Upside Ahead
Description: Asian Paints is exhibiting a cup and handle formation, coupled with a positive MACD and support at the 200 HMA. This pattern suggests a potential bullish trend. However, it's essential to note that this analysis is for educational purposes only and not a recommendation to buy or sell. Always consult with a financial advisor before making investment decisions.
Disclaimer - For educational purpose only
Asian PaintsASIAN PAINTS
Buy above 3005.
Asian Paints is making a narrow range for the past few days, if it crosses 3005 and suntains it which mean it closes above this level and sustains above it than the targets could be around 3200 and 3400 in the next few days
ASIANPIANT SWING TRADE FOR 1 MONTHASIANPIANT SWING TRADE FOR 1 MONTH
BUY - Near 2860
StopLosss - 2775 (3% Risk)
targets - 3000,3100,3200
Expect - around 12% returns in one month
Made very wrong entry in asian Paintsasian paints was consolidating in rectangle Box.
It given a Breakout (as we can see in yellow circle.)
We entered at the Breakout, but the entry was wrong.
Just after Breakout price came back to zone, Causing us huge loss.
I Was waiting for Price to recover But it didn't.
ASIAN PAINTS, the name is enough!One of India's biggest wealth maker is giving opportunity to enter. India VIX has fallen, global tensions seem to be calm. If Crude is under control then margin pressure will be released and profit may see good upside. Sufficient demand is already there.
ASIANPAINTASIANPAINT
bottom fishing stock . strong buy for long term
this time is Recommendation ACCUMULATE
my study point
Asian Paints is the largest home decor company in India.
1) Company has a good return on equity (ROE) track record: 3
Years ROE 26.1%
2) Company has been maintaining a healthy dividend payout of
58.4%
3) good support zone
holdings :-)))
a) Promoters 53%
b)FIIs & DIIs 28%
c) Public 19 %
main ponit is Government hold 0.06% stakes
Sector: Paints/Varnish - Top one
Industry: Paints / Varnishes - Top one
A) Sharekhan recommended Hold rating on Asian Paints with a target price of Rs 3490 in its research report dated January 17, 2024.
B)Motilal Oswal recommended Neutral rating on Asian Paints with a target price of Rs 3340 in its research report dated January 18, 2024.
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