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.
ASIANPAINT trade ideas
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.
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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.
Head and shoulder in Asian paintA very nice and bullilsh pattern has formed in Asian paints at a support level. This is the classic head and shoulder pattern and the price is just breaking out from the neckline. The target is the depth of the pattern but it is possible that we see a lot more rally. In what has been a weak market it is good to see a bullish breakout.
THE BEST FLALYING STOCK FOR A MONGTHTHE BEST FLULYING STOCK FOR A MONGTH
Here the priseaction simplyed
ASIAN PAINTS stock showing heavy bullish trend
according to the following reasons
1 its clearly mentioned the Trend line
2 strong support zone
and due to some foundamental analysis
its gonna be a best stock for this mongth as a
skyrocket
it moves are like chandrayan 3 to moon
i mean a roket from the lable 2949.00 too
3449.00
😀
its called mission chandrayan
from earth to moon
with full speed
Asian paints buy positional near 2900 Target 3200, 3500 +On 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
Asian Paints Support ZoneAsian paints at support Zone. Stock with overall good fundamental. Also do not mind holding for core portfolio if the trade rebounds from the support zone. will exit with a small stop loss if the support breaks with good breakdown candle and volume. Will also intraday hedge if the support breaks down.
Disclaimer: Not an investment advice, just my personal trade dairy. Please do share your views in the comment so we all can learn together from different perspectives.
Asian Paints - Swing Trade (Buy)
CMP of Asian Paints is at 2 very strong support levels:
Yellow Line - 3 Years support level
Green Line - 8 Years support level
Also, RSI (Monthly timeframe) of Asian Paints in last 9 years has always bounced back from ~50 levels. Current RSI can be assumed to be at its minimum level. So very good BUY opportunity for 10% gains in short term from current levels.
ASIANPAINTS Breaking out 1 month of consolidation . Reasons To Enter : NSE:ASIANPAINT
1. Stock about to breakout after consolidating for a almost a month .
2. Crude Oil is going down , so considering the inverse correlation between crude oil and paint stocks , we can see demand going up as oil gets cheaper .
3. Stock closing above both 50-9 EMA
4.Breakout , retest already done . Now price might go up .
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The information provided is for informational purposes only and does not constitute financial advice. Investing in the stock market carries risks, and past performance is not indicative of future results. Individuals should conduct their research, consider their risk tolerance, and seek professional advice before making investment decisions. The accuracy and completeness of the information are not guaranteed, and the authors disclaim any liability for losses incurred based on reliance on this information.
Asian paints!! A chance to paint green your portfolio...:)The Stock has corrected 10% approx from its swing high.
It has major support of trendline and can't stay for long below 200DEMA.
It has potential to go 20% within few months. this time it will break all time high.
Maintain Stop loss as market is at its all time high as well.
This is just for educational purpose. Trade wisely.
ASIANPAINT - Will it take support or bounce back?ASIANPAINT - weekly chart looks interesting, the stock has been trading in this channel for the past 3 years. Everytime the stock comes to the bottom trendline, it takes support and bounces back.
What will happen this time? Will it take support and bounce or will it break down? Well, time will tell.... but watch out for a good trading opportunity.
ASIANPAINT : Going LongTook an entry for approximately 1.25% of the net capital, anticipating a potential upside move of about 20% on the invested capital.
If the price crashes from the current levels, I'll re-evaluate the fundamentals and technicals and then decide when and where to add to the position. I'll update underneath this post if something comes up.
Since the central budget is to be presented in just a few days, I don't expect to see much of a crash in the coming week. I believe the higher probability is for the market to recover from the current levels unless any other headwinds occur.
Will provide further details regarding this entry, beneath this post, later on.