MARKET ANALYSIS: The pair has broken the previous resistance and is now consolidating, Now once the market breaks the consolidations resistance zone we will reach the next possible major resistance near the 1180 level. So lets wait and see what the market does in the coming days. Cheers!
short below 1035 and it is double top formation which underscores the possibilty of strong resistance in upside
Study Only: Reversed at 61.8 Fib of previous trend and now trend line breaks...retested and back in break direction. Immediate target Gap fill.
Today Fib and RSI Divergence does a double whammy!!!
study only: breaks above, positional trades gets activated
bull trend in this stock started from jan, and trading inside upward channel and moving inside range expect range expansion soon towards 1140
short asian between 1073-1075 sl 1078 trg 1070 1066 1062 1058...study perpose do own analisis
It was observed that Asianpaint Breaking Trendline and price may fall to 1045 then towards 1039. Maintain Red line as stop.
asian paint is looking week on hourly chart you can short it at 1070 stoploss 1078.first target should be 1060 second target is 1050
Enter only above the close 1084 for target of 1089.50/1090 with SL of 1079 Risk to reward is not good in this script , Cheers
For long traders : 1. buy at 910-920 for 1080 2.buy above 1100 for 1302 for short traders : 1.short at 1060 for 930 2.short 1320 for 1080 disclaimer : this strategy is for self only for the yr 2017. shall be trading very less this year & only trade in the dirn of trend & in the dirn of EMA 34,50....
Asian paint will take short term downside correction, Please check at your own way this is my personal opinion
The stock has broken below the trend channel, indicating that a trading range could be a high probability outcome. If so, a rally to the upper end of the likely range at 1227 cannot be ruled out. Watch this stock. Plan your trade & size your position in accordance with risk tolerance.
PriceBreaks above Kumo Cloud; Tenkan span above Kijun span; Chikou span showing price is above previous 26 days historical price. Breaks above bullish flag. ADX above 25 and indicating that it may start trending. Stochastic not in overbought zone.
1)Market leader-proven track record. 2)Affordable housing- a big push. 3)Clean balance sheet A) Constant Debt reduction YoY. B) Awesome increase in PAT-YoY. C)Company growing >20%. Target - 1100(6 Months)
Weak below 963.60, Resistance 974.90, 1000. Support 941.70, 914.25, 895.25
Possible Harmonic Pattern Target 1 995 Target 2 1003 Stoploss 974