ASIANPAINT SHORTENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
ASIANPAINT trade ideas
Asian Paints W PatternAsian Paints has formed W pattern on daily chart. We can take a swing trade here.
Entry:
We can go long after close of strong bullish candle near neckline of W pattern.
Target:
We can keep Target1, Target2 near the next resistance zones as marked on chart.
Stoploss:
We can keep stoploss below the neckline of W pattern.
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Asian paint to take long entryAsian paint in the consolidation stage can be expected a BO very soon. Long after the BO between 3140-3145 with SL of 3040. Target 3250-3300 can be soon. Keep the stock in your watch list. The structure of the stock is bullish. This is for your educational purpose only.
ASIAN PAINT DTFAfter analyzing Asian Paint's stock, there are indications that a potential breakout may occur in the near future. Several factors suggest that the stock's price could experience a significant movement.
However, it's important to note that stock market investments come with inherent risks, and accurately predicting breakouts or price movements is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions.
ASIAN PAINT BREAKOUTAsian paints is looking bullish by breaking a falling resistance trendline on weekly chart so we can consider it is breakout on falling resistance trendline of triangle and after a breakout of falling resistance trendline we can go long in it for the target of 3051 with the stop loss of 2821 below a weekly candle close basis.
TARGETS AND STOP LOSS
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
AsianPaints BearFlagAsianpaints is forming a bear flag on weekly timeframe, previous weekly inside bar on weekly timeframe which it did broke out on upper side has failed now and more and more consolidation near support trendline is giving a weakness signal here.
Any breakdown of the flag and trendline can invite short side target well below 2400 .