INVERTED H&SAsianpaint making inverted head and shoulder and it has also retested the neckline.
Trade as per your setup and price action.
ASIANPAINT trade ideas
Asian paints ready to moveAsian paints has ready to start a up move it was forming ll, lh but now after taking the support from the 0.5 fib level it has created a hh, ll structure and forms a good candle in weekly time frame .
Long Builds on Asian Paints - Targets 3360/3500/3580Supertrend broke and a sign of reversal with high volume. HeatMap long builds and option data long builds. Long Builds on Asian Paints - Targets 3360/3500/3580
(15M) ASIAN PAINTING IS UP NOWTP - 3113
SL - 3029
SMA 21 is changing their direction and breaking the Trendline.
Asian Paints Cmp 3438 dated 26-9-2022Asian Paints Cmp 3438 dated 26-9-2022
1. Symmetrical Triangle BO above 3450
Buy above 3450 for target 3490-3540-3590 SL 3385
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, pls trade at your own risk.
Asian Paints: Is it Losing it's shine?
Diwali season is considered one of the best season to get your house painted. With festive season gone behind us, is Asian Paints losing it's shine ?
Let us look at what chart has to tell us...
We are looking at daily charts of Asian Paints
The stock is seeing a lot of selling since it made a high of 3582 on September 28
- the stock is trading below it's 21 day, 50 day and 252 day EMA
These are not the signs that a strong bullish stock will show...
Going forward 3112 -3260 may potentially act as strong resistance zone
Support at 2830 / 2660
Important levels have been discussed. Trust it would help you plan your trade accordingly
Take care & safe trading....!!!
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
ASIAN PAINTS LOOK WEAK BELOW 3390Asian Paints look weak below 3390 for the marked lower targets on the chart until 3600 is intact on the upside.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Asian Paints downside started Where shall it be ended up ?
Looking forward for your answers in comment section.
ASIANPAINTTrading in consolidation zone.
Entry:- 3216
upside Resistances can become our targets.
Targets :- 3260.20 , 3365.90 , 3383.
SL :- 3170.10 Support zone.
Upcoming Trade set up This one is about to complete its Corrective action in price and then it will start heading towards new ATH level
One can Position themself based on their own Entry and Stop methods
Good luck
Asian Paints - At junctionAsian Paints - At Important Junctions
Area - 3150-3250
May act as support strong area
Or may break it
On any sides rewards remain high compare to the risk involved
Wait for it to break and pull back on either side to trade
ASIAN PAINTS 13.10.2022Stock chart patterns often signal transitions between rising and falling trends. A price pattern is a recognizable configuration of price movement identified using a series of trendlines and/or curves.
When a price pattern signals a change in trend direction, it is known as a reversal pattern; a continuation pattern occurs when the trend continues in its existing direction following a brief pause. There are many patterns used by traders—here is how patterns are made and some of the most popular ones.
Festival Season- Asian Paints to rock-BUYShowing good structure and setup.
Buying at CMP
Target-3590
Stoploss-3225
ASIAN PAIN RANGE BREAKOUTBUY ABOVE 3360
SL 3330
TARGET 3500
Asian pain is in range for long time. Now, it is going to break range and we will enter with long position. It will hit our target in 2 days. One can trade intraday for a target of 3400.
Buy above 3360
Sl 3330
Target 3500
Asian pain is in range for long time. Now, it is going to break range and we will enter with long position. It will hit our target in 2 days. One can trade intraday for a target of 3400
ASIANPAINT- Short Term :Bears Counter attackASIANPAINT- Short Term :Bears Counter attack , down trend as long as it sustains below 3582 on closing basis. Potential targets - 3221
Asian Paints: Chart set up and trading strategyAsian Paints
- After 3 Black crows candle stick pattern, recovery in the stock has been tepid so far
- The tepid recovery is also due to rise in crude oil prices during the same time.
- Given the setup, one may consider to sell Asian Paints 3500 Call Option around 50 (October series)
Keep a close watch if Asian Paints closes above 21 day EMA ( currently around 3386) and or crude prices cools off drastically
Take care & safe trading
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
flag and pole pattern breakout buy=3480.00
target=3690.30
stoploss=3311.75
flag and pole pattern breakout
crude oil are falling and negative.
buy at current levelslooks like asian paints is geared up for new all time high.
got good rejection from 3300. so we will keep this as stop loss. final 3550 short term target. once ATH is broken then 4000 also possible.
Asian Paint : Trade Plan 29 Sep 2022Levels as mentioned on the chart
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
ASIAN 'PAINT' ready to break 'PENNANT' !!!ASIANPAINT is ready to breakout from a decent consolidation which was
under construction for more than 1 month.
It has formed a pennant pattern after a strong up move and now it seems that
the stock is ready to resume the up trend again.
The rising RSI further confirms the strength of the stock.
ASIAN PAINTS INTRADAY ANALYSISAsian paints have been range bound and today it gave a huge breakout and broke 2 minor resistance levels. Despite the overall market was in a bearish momentum the stock showed good strength. A buy can be initiated as there is a closing above 3600 levels in 5 or 15 min charts. Caution should be exercised as a profit booking might occur, in such a case avoid going short.
On the edge of BreakoutPlease consider for your education
Consolidation near breakout
Breakout with good volume
