Asian Paint - Short the futuresAsian paints towards downside and grab the opportunity to short the futures.
Current price - 3074.
Stoploss - 3250.
Target -2800.
ASIANPAINT trade ideas
Asian paints ....Buy setupThe stock seems to be taking support at the bottom of the channel as shown in the chart above .can take a buy trade once it closes above the down trend line for a target of 3500. second target could be the channel top level. stoploss for the trade shall be the current swing low. this is just my view consult your financial advisor before taking the trade.
ASIANPAINT ✅ On weekly and daily Price looking Berish and on 2845-2917 is multiple time tested level and now This level act as Resistance.
✅ But right now price will look weak for long side and also come to test 2845-2917 level if price hit his level short on Reversal.
✅ Look for a good strong signal for short on smaller TF.
✅ Price will show strong movement on 2578-2665. And act as Support level .
Good level for accumulation Asian Paints corrected to Fib Retracement level of 23.6% - from highs of 3600
Disclaimer: View for Educational purpose only, not to be taken as trading or investment advice.
ASIANPAINT - Trade/Investment - Bounce from Crucial SupportThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself. Second target is calculated based on range calculation method in technical analysis.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
Asian Paints Inverted Head and Shoulder formation
Asian Paints have formed an inverted head and shoulder,
giving good targets...
Levels shown in chart above...
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ASIANPAINTS#ASIANPAINTS is ready for #Bullish move the reason is make the range and #demand #zone and when close above the range then #targets are 2900-3200.
Asian Paint is good buying zone 2765Asian Paint is good buying zone 2765
See the levels and buying zone
Asian Paints LtdAsian Paints Ltd is an Indian multinational paint company.
The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home décor, bath fittings and providing of related services.
AsianPaints - Weekly Inside bar Asian paints on weekly timeframe is on support trendline and has also formed a inside bar (harami candle) in downtrend on weekly time frame, Keep this in watchlist for small stop loss reversal trade.
Asian paints - At crucial levelsThe chart shows that the stock is trading at multiple supports. if reverses from here in coming trading sessions may go to the levels of 2890/3010. Sustaining below 2690 for a couple of days will show the weakness. keep an eye.
Only for learning and sharing purposes, not a bit of trading advice.
All the best.
Asian Paints Shortstock in clear down trend buy 2750 put stop loss 2790 , target stock price 2700 to 2680.
Bearish flag patternAsian paints form a bearish flag pattern in 15 minute chart. pattern will activate if price close below 2720 and its sl will be 2740 and target is 2686 and next 2600.it for only study purpose
Pilot Position for ASIAN PAINTS for upto 30% return.It is more likely to correct till 2589.
Pilot position at current price and SL near below support of 5% can see a good return upto 30% in mid-term.
Big risk bigger rewardBuy Asianpaints 3000 ce and hope for a good results tomorrow. every result of asian paints for the past year shows big gains or drops
Time consuming complex Flat in ((IV)Shorters should be aware and cover their shorts at strong support level given on the chart . For people who want to go long should wait for reversal signals like hammer , morning star , bullish kicker etc which have become support in action at the levels indicated below for wave ((V)) journey
Asian paint may go further down till 2705 SL 2877As per Harmonic PRZ pattern, Asian paint may go further down till 2705 SL 2877 within next week
Asian Paints - Buy on Dips OR Wealth Erosion?Asian Paints has been a consistent compounder in Indian decorative paints Industry. With increasing Crude Oil volatility expectation from February due to Russia's decision to not sell Crude Oil to countries respecting EU's $60 price cap, the share has corrected from 3600 to 2800 levels ~ 22%
The recent earnings report further accentuated the concerns of investors, with slowing sales growth, but rising Operating Margins nonetheless. As per the management, it was a result of prolonged monsoon in October, which caused a tepid festive season sale.
The rising competition in Paints industry is not oblivious to anyone either, Grasim, JSW have major capex commitments. Will this lead to margins erosion, which when combined with slow Revenue growth, is a recipe for Wealth Erosion? or will Asian Paints continue to enjoy super normal profits from its yet undisturbed monopoly?
On the Technical side, the share has come back to 140 day EMA on weekly, which has been an undefeated support zone since 2009. However, the same trend was also observed for Berger Paints with 100 day EMA, but we recently saw how it not only broke it clearly, but has been trading below it for around 1 year now.
It will be very interesting to see if Asian Paints can bounce from here, but in my opinion, there aren't many/any positive triggers for the market side, apart from a shining decade long outperformance record of wealth creation. At a PE of 70 and 10 Year Median PE of 58, it seems like the worst is yet to come. However, my guess is as good as yours. I believe it might be a good time to take a step back, and reconsider our blind faith in perceived bluechip companies with unsustainable PE levels and single digit earnings growth, like Pidilite as well.
I do not intend to attract any criticism, and would like to clarify that it is my personal opinion, and I can be completely wrong at it. As a fellow swimmer in the tides of the markets, I have learnt that one can never be too cautious, only too overconfident.
Can We See A Bearish Trend In ASIANPAINTS?Hello traders,
It is a quick update about Asian paints. Security has made a downward channel. After the rectangle breakout, it made another rectangle pattern.
The 3033 level is an essential support level to keep an eye on. A breakout will intensify the bearish atmosphere. We can expect a new low based on the price action of the second rectangle pattern If support is breached. Bulls can't enter without a clear breakout of the downward channel. You will be notified when it reaches my level.
@Money_Dictators
Asian Paint Cmp 2909 dated 13-1-2023 Hammer Candle @ downtrendAsian Paint Cmp 2909 dated 13-1-2023
1. Hammer Candle after correction of 7 %.
Buy above 2930 for target 2975-3025-3085
SL 2850
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Asian Paints AnalysisHead and shoulders pattern observed in asian paints
if breakdown is confirmed with volume
then target is 2830
Asian Paints looks good to shortAsian paints have taken multiple time support near support trendline. Both daily and Weekly timeframe sentiment is bearish , looks week below 3021, short term target 2932
