Asian Paints Technical AnalysisThere are 1 H & S on daily and another one on weekly timeframe.
Asian Paints can show further downside movement if it breaks 2955.
Below 2494, Asian Paints will be in long term downtrend.
ASIANPAINT trade ideas
Asian paints forming flag and pole pattern.Asian paints had traded in a narrow range whole day after a initial up move.
On a daily anaylsis, the stock has broken its both crucial moving averages with a nice volume confirmation and can remain in green.
It has been taking resistance from its 4 hour 200 ema and has formed a doji in the end.
Immediate resistance are the high the points from where it retraced on a 15 minute time frame i.e. 3116, 3125
Once both the levels are crossed it can touch the target of 3160.
Support :- 3100,3072
Resistance :- 3108, 3120, 3160
It has formed a flag and pole pattern on hourly time frame.
Wait for the levels to break the range and watch for the price action before entering the markets.
#ASIANPAINT - Swing Trade#ASIANPAINT
Sell-Below 3000
Sl-3140
T- 2800 2670 2600
Stock is ready to break an important support zone. Ride it with strict trailing as it is a INDEX pack.
Short Swing: Asian Paint vs Crude OilWe can anticipate a breakdown in the Asian paint, if there is rise in price of crudeoil.
When the price of crudeoil goes up it inversely affects the prices that are dependent to it .Here is the comparison and reasoning for anticipation for breakdown :
Crude may rise up significantly with time
1) Global sentiments : Negative(EU oil embargo from Russia, China covid opening up increases demand)
2)Previous High low not broken(confirming uptrend)
3) Wedge pattern formation
Breakout will be create "significant" up move
Asian Paints chart Analysis
1)Double top formation
2)Support zone has been tested multiple time
3) Trading below 200 MA
(Note: I might have confirmation bias with trade. There is probability of me being wrong. Consult your adviser before taking any financial decision)
Stock Analysis For Tuesday's WatchlistDisclaimer - WE ARE NOT SEBI REGISTERED.
Stock Analysis For Tuesday's Watchlist..
Just recommendation of stocks. We are not responsible for any kind of profit or loss.
Asian Paints for long termAsian Paints always respects 20 EMA on monthly chart. The quality of company is excellent, Fundamentals are very strong. The stock is available at very attractive level........
ASIAN PAINT RESISTANT BREAKOUTDear All, Please checkout my analysis, Wait for Resistant line breakout, if resistant break, price might increase, if resistant not break, price might come for Support zone, then do sell
ASIAN PAINTs - Inside Candles formation, Range getting narrower The 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.
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 - Short Term Buy - 21 April 2022Hi,
Asian Paints looks good technically and can give returns in coming days.
Best buy is above 3175 with SL of 3050 and target are 3450 and 3590.
As of now Daily MACD is on the verge of giving a buy.
RSI is above 50.
Its above monthly Pivot Levels and is ready to scale higher levels in coming days.
We can buy it for short Term gains.
Disc : For Educational Purpose.
Asian Paints Short termAsian Paints seems H&S in Weekly
ASAP Impulse move breakout may happen
concentrate if price sustain above 3178 in daily
Asian Paints LtdAsian Paints Moving as the levels marks on chart its reverse from the support trendline draw on chart, our view on Asian Paints is bullish for long term if your trying to do SIP then its an good stock to buy on every dip
Asianpaint can go Down in Wave 5.Above is the view of #ASIANPAINT which can go downward from 3100-3120 range, of smaller blue Fibo 0.786 as one can see in above chart,
Also which can be the area to short the price & start of the 3rd mini wave of minute wave 5 .
Please take in consideration, If the high i.e. 3163 is broke then the counting is Invalid.
Note - View's provided are for Educational purposes only, please do your own Research.
Asian paint view for next week 11/04/22.Asian paints on weekly time frame is near its 0.618 fib levels and has closed over its 20 ema.
Stock seems bullish on weekly chart and on daily time frame the moving averages has given a cross over.
It seems as the stock is in accumulation phase.
Support :- 3090, 2974
Resistance:- 3281, 3357
Wait for the price to break the levels and sustain the levels.
Swing and intraday trades can be planned as RSI show a nice momentum on the upper side.
Asian paint @ 3206 target 3300+ levels soonAsian paint is trading above the key resistance zone of 3150 levels and has good open interest longs buildup hence may target 3300+ levels shortly.
selling zone if its cross and long position would be createi belive that if its cross 3130 level and sustain that level then only i buy otherwise i would prefer selling only on high level stock is already streach a lot if monday morning if crude oil price fall sharply then i may buy on price action lets market decide where it want to go i dont think crude oil should stay below 100 dollar so i am deciding on monday what should i choose once its stay above 3130 and crossed 3154 then i again add some quantity so that is my trading plan
ASIANPAINTS : Long Positional BUYMy wave analysis suggest a nice buy coming soon..
Wait for a reversal and then a correction on M15 and on top of this only take a buy trade, not before.
Not sure whether i will be able to update here on time or not.
Happy Trading. Hope you will all make good money.
Asian paints 1d time frameinverted head and shoulder pattern in making breakout soon keep in watch
note :- only for learning purpose not a recommendation
ASIANPAINTSLong can be initiated above 3131 with 2% SL and 8% target. It is showing Volatility Contraction Pattern criteria as the movement is getting shallow day by day
Asian Paints LtdSupport levels (Previously Asian paints taken support and Resistance )
- 3030-3040
-2610-2640
Resistance Levels (Previously Asian paints taken support and Resistance )
- 3300-3320
Asian Paints taking resistance of trendline which is mention in the chart.
Red or Green paint with Asian Paint LongNSE:ASIANPAINT
Entry Rs 2910 to 2930
Target 3150
SL 2865
Time: 3 weeks
CMP 2930
Qty: 50 Shares
Asian Paints ltd started moving upside after a long downfall, recently formed demand zone in 1 hr time frame. Buy and hold
Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice
