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ASIAN PAINTS LTD.ASIAN PAINTS LTD.ASIAN PAINTS LTD.

ASIAN PAINTS LTD.

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ASIANPAINT trade ideas

Asian Paints - Target 3707Completed a triangle formation on weekly charts and advancing towards 3707+. If the corrective waves were to be labeled as ABC, then the wave labeled as D in this chart would qualify as an impulse having completed wave 3 and wave 4 validly, and marching on wave 5, in which case the target is 3707. Basis the hypothesis of triangle completion, the target is 4247 - 4553, which of course would be in long term as the apex of triangle is spanning over long term of 4 years. Opened Long sometimes back, and accumulated more today with first target (trading target) of 3707. Disclaimer : The contents herein are my personal views and opinion, for me to make an investment decision for myself, shared here with an objective of seeking views and comments from traders community at trading view platform. Nothing contained herein should be construed as an advice, offer, inducement or encouragement to buy or sell any shares, security, derivatives linked to the security, debt security or any other security of the company or the underlying mentioned herein. The readers must make their own independent assessment, evaluation and valuation of the underlying / company and/or any of the securities issued by it or referenced to it. The reader is advised to take advice from their own professional financial advisors before entering into any transaction or making a financial decision, without relying on anything contained hereinabove, or views given as addendum or comments hereafter. The author shall not be responsible or liable, directly or indirectly, for any loss or damage, including loss of profits, caused to the reader, or any other person or third party, whether pecuniary or otherwise, whether in present or in future, whether incurred or probable. However, the author shall be glad if the readers want to share with the author, the proceeds of profits (excluding losses if any) made in the investment mentioned herein. Any replication of the contents herein is strictly prohibited except with the prior written consent of the author. Deviation of anything from above shall render the positive profits to be clawed back to the author.
NSE:ASIANPAINTLong
by Gjain75
Asian Paints- Good time to entry Stock has nearly hit its 52 week low and has bounced back . also retesting is seen as done on daily chart. there is an immediate resistance at 2900 levels which is also 20 EMA. the stock is cyclic in nature and has seen rallies in April - May thru to Sep-Oct, when the demand for paint picks up. My idea will be to enter above 20 EMA on day closure basis with 50 point SL. This is purely my outlook and not an invite to trade the stock. Please do your own due diligence before investing
NSE:ASIANPAINTLong
by Trade_with_Raghu
Asian Paints: Turnaround PotentialAsian Paints has been following its Time cycles on weekly chart exceptionally well. As u can see everytime it enters the time cycle zone (red lines) it forms a low and rallies. Price and Time confluence - is the most important way to trade markets. Majority of us are focused only on prices but not on time which is essential for trader to trade profitably in markets and with consistency. Expecting asian paints to reverse on upside as time is right and prices should follow. Price action above 3030 will confirm that this stock has bottomed out and ready to reverse on upside.
NSE:ASIANPAINTLong
by Chinmayonniftyy