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Asian Paints Ltd.Asian Paints Ltd.Asian Paints Ltd.

Asian Paints Ltd.

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ASIANPAINT trade ideas

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.
NSE:ASIANPAINTLong
by Sniper-Traders
ASIAN PAINT - BULLISH HARMONIC PRZ 2800 -2730 ZONEAsian paint is one interesting stock with following 1. Price forming Bullish Harmonic BAT pattern on weekly chart 2. Pattern PRZ zone near 2810 - 2730 levels Subject to reversal confirmation at least on 4 hour/ daily chart 3. RSI on daily chart already below 20 (oversold zone) 4. 200 EMA support on weekly chart at 2780 levels 5. 50 EMA support on monthly chart at 2725 levels 6. Major Trendline support on weekly chart near 2870 levels {which may or may not sustain, so buy in minimum quantity if you find any reversal sign here} 7. Though RSI on weekly and daily is below 40 stock is bearish, and we need to wait for it to reach at point D and/or a reversal confirmation candle which confirms the PRZ zone, It is one of the option to keep on radar for positional and swing trade prospective Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:ASIANPAINTLong
by purisonshuf
ASIANPAINT : Whats next ASIANPAINT : Stock is on an uptrend from the past couple of weeks and trading above most of the moving averages on Daily, Weekly, and Monthly time frames. However, looking at the chart pattern - we see from 2021 Feb - it's forming a triangle pattern - and a breakout on either side should give a good opportunity to trade. Considering the market trend overall -- Add the stock to the watchlist and also check out the Open interest and movement of 3300 CE -- and catch the wave for the short term. Based on which side the stock tries to break the triangle - play on long term. This is my view only.
NSE:ASIANPAINTLong
by rvc8280