#ASIANPAINT #daily
- Any price drop to support zone and trendline will be good buying opportunity
- If market sentiment is -ve, then wait for correction till 50EMA
- VOL has been good
#trading #priceaction #investments #tradingview
This scrip is undoubtedly one of the fundamentally sound scrips, it is in an uptrend since its listing, so we may long this scrip when there's a correction from a breakout. Now, it had given a good breakout with strong volume. As it's a large cap scrip, we may not see much volatility here, so it's a low risk trade.
Swing traders can consider this scrip to long in...
Target:- 3811
Stop Loss:- 3246
Duration:- 6 to 8 Weeks
The stock has already break the resistance line and test that resistance line again and used as a support line, showing a bullish candle, which is an indication of upside move. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing...
🔴 Stock made box or double top kind of formation in 75M around monthly pivot R2 3385.
🔴 Stock made price volume breakdown candle with volume surge of 135% of SMA25
🔴 Once stock trades and sustains below 3285 it can move towards the demand zone.
🟢 Multiple volume profiles created from AnchorSupport levels indicate stock has strong support near 2971/3025
🟢 Stock...
EDUCATIONAL:
Weekly chart is indicating topping out pattern BUT NOT YET CONFIRMED! Only when we have a nice red candle following soon, it will be confirmed. The daily chart has two red candles. It has dropped to less than 2% from lifetime high so surely it is too early to call for a correction but this scrip will be interesting to watch if further candles...
This scrip had been in an uptrend for a long time so we can add more quantities to this scrip whenever there is a dip or buying opportunity. This scrip had formed a channel pattern in 1Hr timeframe, though it is a smaller timeframe we hsve a buying opportunity in this scrip. It is a fundamentally strong scrip and gave a massive returns in previous years. So it is...
