ASIANPAINT trade ideas
Asian Paints: Is the colour fading...!!!Asian Paints
CMP 3158
63 day EMA is at 3179
21 day EMA at 3158
Stock is struggling to sustain above 63 day EMA
Given the set up one may consider to sell Asian Paints Dec expiry 3200 Call option currently around 52
SL / Exit if closing in Spot is above 3226
Take care & safe trading...!!!
Like and share
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
[POSITIONAL] ASIANPAINT LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
INTRADAY ASIAN PAINTSAsian paints looking consolidations in ascending channel pattern so we can execute a buy trade if it will break top of channel also can execute a sell trade if break bottom line of channel in both conditions closing is must there on 15 Minutes candle.
Buy Target-: 3180
Sell target-: 3020
Both targets identified from previous Resistance and Supports standing there on chart.
Note-: Ask from your financial advisor before taking a trade or investment..
Three Red Crows in ASIAN PAINTS LTDAsian paints have completed three red crowd patterns and started small corrections.
Asian paints strong support is 3052. and I think if the market breaks support it can go up to 2936.
If the support is not broken, the market will move to the 3150 level.
T1= 3150 ( if the market will not break support )
T1=2936 ( if the market will break support)
Thank you
@Money_Dictators
Asian paints following the Index bullish move.Asian paints after consolidating in a parallel channel has given a break out of the zone and closed above the box.
The stock on the daily time frame has closed above both the moving averages.
For the intraday trade, the stock has formed a flag and pole pattern on smaller time frame. On hourly time frame, the stock has given a close above 20 and 200 emas.
3 point confirmation.
1. Break out on daily time frame of the consolidation zone.
2. Closed above both the daily moving averages.
3. High volumes than the previous day.
Asian paints ltd is a high weightage stock in Nifty index and can follow the bullish trend of the market.
Target :- 3185, 3240
Stop loss :- Close below 200 ema(hourly time frame).
Wait for the stock to retest of the consolidation zone and price action near the level before entering the trade.
Both intraday and swing opporunity can be initiated once the stock closes above the flag and pole pattern.
Asian paints forming flag and pole pattern.Asian paints on the daily time frame is forming a bearish flag type of pattern.
The stock has been consolidating in a parallel channel.
There is a bearish moving averages cross over and stock price is taking rejection form the 20 ema.
3 point confirmation.
1. Bearish flag on daily time frame.
2. Bearish moving average crossover.
3. 50% fibonacci level rejection.
Asian paints is forming a nice pattern. Let the stock give a break down and close outside the consolidation zone.
Target :- 3045, 2981
Stop loss :- 20 ema on daily time frame.
Wait for the price action near the levels and enter only after the stock break down of the consolidation zone.
[ Positional ] ASIANPAINTS Risky Long Betr: R is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is not trying to predict. Instead of that, ACT on the price. So, this chart says "were" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level that says "Buy if it breaks, " you should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my small capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta", "Bounce", "3BB" or "Entropy" - My systems.
=======
I won't personally follow any rules. If I "think" (It is never a gut feeling. It is always some reason.) that the trade is wrong, I may take a reverse transaction. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is primarily the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
=======
ASAINPAINTNSE:ASIANPAINT
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose