Asian Paints stock is making ascending triangle and in the pattern stock is making falling channel Also Wekkly RSI is around the support which says we are around the support Stock has strong support around 2800-2850 Also stock never breaks the weekly strucuture we can see huge bounce from these levels One can expect to give returns of 30-40% in coming...
Completed a triangle formation on weekly charts and advancing towards 3707+. If the corrective waves were to be labeled as ABC, then the wave labeled as D in this chart would qualify as an impulse having completed wave 3 and wave 4 validly, and marching on wave 5, in which case the target is 3707. Basis the hypothesis of triangle completion, the target is 4247 -...
Stock has nearly hit its 52 week low and has bounced back . also retesting is seen as done on daily chart. there is an immediate resistance at 2900 levels which is also 20 EMA. the stock is cyclic in nature and has seen rallies in April - May thru to Sep-Oct, when the demand for paint picks up. My idea will be to enter above 20 EMA on day closure basis with 50...
An year trendline break and there is a support from 3000 to 2950, if 1day candle close below 2950 we can sell it for the target of 2650 range, you can find recent swig high in hourly chat for stop loss once 2950 break - Educational purpose only.
Symbol : ASIANPAINT Currently Trading at 2948. Trading at a good support area. This stock is fundamentally good and currently trading at lower valuations than usual. Long position can be made at CMP 2948 with SL below 2900 for targets of 3140-3230 & 3500. P.S. : I've made long positions in Feb futures today & this is not a buy/sell recommendation. I'm just...
Please read the notes as mentioned on the chart and act accordingly. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. Let you grow. May! I follow you.
Reason for long - price reacting weekly demand zone - w pattern forming in 1 hour
Please read the notes as mentioned on the chart and act accordingly. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. Let you grow. May! I follow you.
Asian paints sell the bounce structure it's my personal view in Asian paints and if you like my analysis then follow me
Asian Paints has been following its Time cycles on weekly chart exceptionally well. As u can see everytime it enters the time cycle zone (red lines) it forms a low and rallies. Price and Time confluence - is the most important way to trade markets. Majority of us are focused only on prices but not on time which is essential for trader to trade profitably in...
ASIANPAINT bottom fishing stock . strong buy for long term this time is Recommendation ACCUMULATE my study point Asian Paints is the largest home decor company in India. 1) Company has a good return on equity (ROE) track record: 3 Years ROE 26.1% 2) Company has been maintaining a healthy dividend payout of 58.4% 3) good support zone...
Asian Paints has bounced from 200 EMA on a Weekly Time Frame (2788). Now at 2853. It is possible that stock could head towards 2900, 3000, 3100, and 3200 in the next few months. View invalid below 2776 level. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any...
The price could go 2720-2700 then it's a good buy opportunity. Then only u should target of 3000 . As we know birla will be launching their paint which will be direct competition to the asian paint. 1 reason that asian paint could not compete with birla opus is price competent. As it's hold and is the leader of paint industry it could not cut down prices like opus.
Stock Update - ASIAN PAINTS cmp 2862 ( Neutral to Downgrade) Stock nearing 52 week low & Trading at 33 months low. As per technicals over monthly chart, expecting further correction of 8% - 12% Accumulation Zone 2502 - 2555 Daily Support 2730 - 2810 & Daily Resistance 3000 - 3335 Long term holders can add on dips in ratio of 30%, 10%, 25%
Disclaimers:- The information provided on this channel is strictly for Educational purposes only & is not to be an advice or recommendation of any kind whatsoever. Anyone who wishes to apply concepts & ideas contained in this channel takes full responsibility for their own actions. Viewer should always do their own due diligence on any information perceived from...
on weekly time frame it is forming butterfly pattern ema cross overdone and going down side from on 29th jan reached pivot s1 on 26 feb if the candle close below S1 stack may fall again if falls continues consider at D point It is just a view, please trade at your own risk. I'm not SEBI registered adviser
Asian Paint is about to complete the formation of Rounding Bottom. Rounding Bottom pattern will activate only after the breakout of the Neckline - 3040 level Rounding bottom chart pattern is a bullish reversal pattern which is formed at prior intermediate support level and hold this level from 2021. Long trade will initiate only after the neckline...
Asian Paint Looking Goodt at Its Major Support with Perfect PinBar Creation, now it’s Ready for such a Long Targets KEEP ON RADAR