Trade ideas
Exciting Bullish Pattern Alert! 📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Symetric Triangle
📌 Symbol/Asset: Asian Paints
🔍 Description: Symetric Triangle & Prices are around Law of Polarity Support zone !!
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Asian Paints - Marching Ahead
First level is to watch for is Previous swing High in the Daily chart. If that is not broken and 3252 is the R! resistance level in 1H chart and projected targets are marked on 1H Chart.
Please donot act in haste. Wait for proper levels to come.
I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision.
Thank you
Let you succeed. May! I follow you.
ASIAN PAINTS BREAKOUT POSSIBLE ?ASIAN PAINTS:- GOOD OPPURTUNITY OR MONEY TRAP
Currently ASIAN PAINTS is trading not far from all time high investors cane get 6% easy return but what are the probablity of making new all time high???
BELOW ARE THE POINTS THAT CAN HELP YOU.
As you can see daily and monthly MACD cross over are giving bullish signal.
Also from historical monthly data candles fail to give breakout above 3550 level.
But at that time MACD and RSI conditions were net that favourable as it is right now.
So as per my knowledge it can became an idle condition for candle to breakout above 3550 levels .
Also with that there is a good support at 3150 level(200 DMA)(pivot points fibonacci)
Also if you invest for 6 months share has potential to give you 30-55% return as company always have good december quarter
Technical indicators
1. Heikin ashi bullish(daily,weekly,monthly)
2. Rsi (50) strong momentum
3. Rsi + linear regreesion (oversold zone)
4. Ichimoku clouds thick green
Fundamental analysis
1. Company is fundamentally strong
2. Quarterly sales are growing gradualy
3. Material cost is reducing every quarter
4. Due to which profit are rising quarterly
5. Company every year gives highest revenue in December quarter (can wait till January to get >25% returns) as result will come around that date.
6. Company has highest market share
7. ROCE and ROE good
8. Have more than enough reserves to give bonus
ALL THE ABOVE POINTS ARE AS PER MY KNOWLEDGE.
I APPRECIATE YOU FOR SHARING YOUR THOUGHTS ON THIS IF ANYTHING OR ANY POINT HAD BEEN LEFT OUT
A good buy for investors!ASIAN PAINTS has retraced 50% from it's recent high of 3568. The RSI has also cooled off and the stock seems to be making a bottom now at 50% retracement/200 EMA.
This looks like a good RR set-up for investors - No Intraday here.
Buy above 3250 on day closing basis. Put SL below 3130 day closing basis.
One can hold this and trail till 3568 level.
Learn & Earn,
Dr. Tanya Kumar
Asian Paints - Life time Analysis 3,185.35 critical Level
Two parallel lines drawn in sky blue color are important. Buy only if the upper line is broken. Please check my other posts on the Asian Paints. Link provided.
The Author uses Gann, Fibonacci and Wave Analysis along with his personal unique indicator which avoids complex PTV (Price - Time and Volume Analysis).
Analysis is one part and the other most important part is execution. Please use Williams R%, RSI and SMA, EMA for proper execution in lower time frames of 4h, 1H and 15 minutes.
Disclaimer: I am not a SEBI Registered Analyst. It is just for educational purposes. Before making any decision, please consult your financial Advisor.
Happy to share. Let you grow and I may also, following you.
Thank you
Asian Paints- Complete Analysis and Execution
Why we fail. Because, once we see a level; jump into the trade immediately and market turns the other way round.
There are two parts of trading/investing/swing trading or intraday:
1. Analysis
2. Execution.
Analysis is important and sometimes we may work on the judgement of other analyst also. But, execution is the thing which we have to do. There we fail. Let me tell you that to succeed execution has more weightage than analysis. Let me use the as an opportunity and let you know how to trade.
Have a look at IH Chart and the rectangle drawn by me.
Lets analyse it in following steps:
1. Price fell till the level of 3152.25 till 9:15 on 14th August 2023.
2. Made a high at 9:15 on 17th August 2023.
3. Now, the intention of big players may be to go long from this level but this will not happen immediately. Will take some time, why? Because the big boys have to collect a desired level of the stocks at this price and then sell it to small investors at a high desired price giving them a decent return. This is called the Accumulation phase in terms of Wycoff Theory.
4. Now, how this will happen, let us understand. In terms of Elliot wave Theory, it is called formation of ABC Ways. Lets deep dive and understand.
5.You can see that for the last 7 days (time analysis) price is stuck within this rectangle (price analysis) and the smart money is trying to accumulated the stocks within this range to sell/distribute to retailers are the higher price. for this we will have to do the volume analysis. In short, we have to read volume at all the levels or take the help of SAMs/ EMAS. In all the cases, price will exceed firstly SMA8, then 20, 50. 100 & 200. this process with take around 14 to 21 days and then the price will shoot up above high of previous swing. There we have to buy. How volume analysis is and risk management is done, we will discuss somewhere in next post. Patience is the key. Learn and Earn.
Conclusion: If the price of Asian Paints has to reverse from this level, please read 1H or lower time frame chart and wait for next 2 to 7 days and you will succeed.
Happy to share. Let's grow together.
Asian Paints-
Asian Paints found its support on the highs of previous swings making double Bottom at 3152. But, did not Bounce above 3218. Stuck within these two limits. No long decision till it re -bounces above white line. Till then stay away from long.
For execution, please use William %R, RSI and other indicators like EMAs, SMAs etc; and stick to proper risk management.
This content has been generated only for educational purposes . There is no recommendation to Buy or Sell. Author is not a SEBI Registered Analyst. Please consult your Financial Advisor before making any decision.
Happy to share. Together we grow.
Ascending Triangle in Asian Paint.NSE:ASIANPAINT
The Stock has been consolidating for almost 2.5 years and it has formed a ascending triangle formation which can trigger a breakout and start a trend continuation and take the price to new highs.
The Targets are projected on the basis of fib-extensions.
All important levels and logic is explained on chart.
I hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!






















