My 9 treading 💹 RULES-1- price action above all.
2- if you are always thinking about trade that means that trade is bad.
3- emotional & mental health is important.
4- check all time frame.
5- give your trade enough time.
6- you doesn't need to trade every day.
7- learn to plan and structure for every trade.
8- 2 hours for search for a best trade.
9- don't believe anything you read until you have tested and tried it out for yourself.
ASIANPAINT trade ideas
ASIAN PAINTS : LONG TERMLeader in Paint Industry , Make Part of your Long term portfolio in this correction
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis
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Harmonic Pattern
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy / Sell
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Asian Paints Analysis !! Breaking Down.📈 Asian Paints 📉
Asian Paints is breaking down from Support after 25May2022.
Earlier it use to be Resistance as well so it holds more bias.
So good stock for shorting, Possible targets on downside will be 2277 around levels.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Asian PaintsCurrently the stock is at 19% discount levels from all time high.
Asian Paints (TF=W)
1. Stock has given trendline breakdown
2. Negative crossover of 5, 13 Weekly Exponential Moving Average
3. Next Support is at 2770 levels
Asian Paints (TF=D)
1. Stock has given Trendline breakdown
2. Also there is formation of Bearish Flag and Pole Pattern
3. Below 200 Days Exponential Moving Average
View Point:
1. Bearish view unless there is reversal from 2770 levels.
Addl Points:
1. As there is inverse relationship in Crude Oil and Asian Paints, and crude is touching its all time high levels, there is more downside expected in Asian Paints.
Inverse Relationship: Crude Oil is used as a raw material for the company. therefore, increase in the cost of Crude will result in decrease in profits of the company (Asian Paints) which will in turn impact the profitability of the company.
Note: The above analysis is for educational purpose.
Asian Paints...Important Investment levels in case of Crude price pressure...
Fundamentally very good stock. Keep accumulating...
Study based on purely technicals....
For clarity have marked on weekly charts.
Lets Revisit this chart every week...
Will update s the movement happens in comment section..
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