Asian Paints
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer:
I am not a SEBI Registered Analyst 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.
Let you grow. May! I follow you.
Trade ideas
Asian Paints - Watch till 11:15 a.m. today
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer:
I am not a SEBI Registered Analyst 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.
Let you grow. May! I follow you.
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.
Asian Paints (200 EMA Pullback Seen on Weekly Time Frame)Asian Paints has bounced from 200 EMA on a Weekly Time Frame (2788). Now at 2853. It is possible that stock could head towards 2900, 3000, 3100, and 3200 in the next few months. View invalid below 2776 level.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Don't buy now "Asian paint"The price could go 2720-2700 then it's a good buy opportunity.
Then only u should target of 3000 . As we know birla will be launching their paint which will be direct competition to the asian paint.
1 reason that asian paint could not compete with birla opus is price competent. As it's hold and is the leader of paint industry it could not cut down prices like opus.
ASIAN PAINTS will fall another 10% ? cmp 2858Stock Update - ASIAN PAINTS cmp 2862 ( Neutral to Downgrade)
Stock nearing 52 week low & Trading at 33 months low.
As per technicals over monthly chart, expecting further correction of 8% - 12%
Accumulation Zone 2502 - 2555
Daily Support 2730 - 2810 & Daily Resistance 3000 - 3335
Long term holders can add on dips in ratio of 30%, 10%, 25%
Asian Paint 09 Feb, 2024 UpdateDisclaimers:-
The information provided on this channel is strictly for Educational purposes only & is not to be an advice or recommendation of any kind whatsoever. Anyone who wishes to apply concepts & ideas contained in this channel takes full responsibility for their own actions. Viewer should always do their own due diligence on any information perceived from this channel, to form their own opinions & best judgements. The author accepts no liability for any damages arising directly or indirectly on account of any actions taken based on the information provided in this channel. I am not a SEBI registered.
Asian Paint - Rounding Bottom PatternAsian Paint is about to complete the formation of Rounding Bottom.
Rounding Bottom pattern will activate only after the breakout of the Neckline - 3040 level
Rounding bottom chart pattern is a bullish reversal pattern which is formed at prior intermediate support level and hold this level from 2021.
Long trade will initiate only after the neckline breakout.
Stop Loss would be the prior swing low before breakout.
First target would be the depth of the bottom pattern, Calculate depth and add the depth from the neckline level
Technicals + Fundamentals matching perfectlyWhy go long?
Rebound from support @ 2950
The bull run is ON, with good opportunities wiping out quickly, as the markets become overvalued.
Available at a sustainable valuation, with technical analysis indicating to go long.
Minimal downside, next support @ 2720
Good management
Worst case targets:
Short term target (1-2 quarter) @ 3500
Long term target (3-5 years) @ 8000
Asianpaints Entry, Target EXPLAINEDAsian paints has been downtrending and consolidating for a while. A breakout has been observed from the consolidation along with positive divergence in momentum. Therefore we can expect the trend to change.
Current entry is 3000-3005, target 3060, Stoploss 2970
This trade is recommended with a 1:2 RRR
Happy Trading
Yamini Prabu
NSE&NISM Certified TA
Indenpendent Trader/Trainer
I am not SEBI Regd
Only for educational purpose.
Asian PaintsAsian Paints is the largest home decor company in India.
Asian Paints group has some of the leading brands under its umbrella -
like Asian Paints, Sleek, Berger, Weather Seal, Apco, Taubman, Kadisco, Scib etc.
Its a Fundamentally strong stock
Its near its 52 Week low.
Near 200 EMA on weekly chart (White Line).
Supports are marked with green horizontal lines.
Resistances are marked as red horizontal lines.
Stoploss is marked as orange horizontal line.
Volume is increasing.
Dividend giving stock.
Promoters holding good.
Less promoters pledged.
reserves are more than debt.
Levels:-
Buy 2860 - 2685 - 2490 - 2255
Stoploss 2080
Swing & Positional Tgts 3400 - 3580
Long Term Tgts 5000 - 8000
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
BUY ASIANPAINTS AROUND 3000Asianpaints again taken a support from previous demand zone and expected an upmove towards 3280 odd levels until 2900 is intact on the downside closing basis.
Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on Tradingview.
Happy Trading!
InvestPro India
Asian paints ready for upside move buy given at 2950On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ASIANPAINT : Added on to the existing positionAdded on to the existing position for about 1.25% of the net capital, when a descending pattern was formed. This summed up the total holding to about 2.5% of the net capital.
The details of the initial entry is specified in a previous post which is attached underneath. Do check that out too.






















