ASIANPAINT trade ideas
intraday it can be possible to continue the trend in this scenario.
avoid if huge gap down happen, take if retest properly.
do your own study before taking any decision my analysis are for educational purpose.
Asian PaintLeading Indian paint manufacturer.
Support - 2870 Stop Loss - 2480
Upcoming Target - 3100 3250 (Fibonacci)
ASIAN PAINTS LTD : HAVE A LOOOOK...HEY its a double top pattern .
have a look in this chart it taken breakout then u have wait till the buy pattern .
next you can take the trade .And follow the "Resistance and Support"
And technical bill williams'3 lines
Asian Paints- Tgt1, Tgt2, and Tgt3 Asian paints is in an upper trend and currently in a small retracement on the back of the low volume. It has two possibilities -either move up or move down. I have a strong feeling, it won't go further down from here as:
a) It is in an established uptrend,
b) It is moving in a trend channel.
c) Currently it's taken support at weekly CPR and POC.
I am hopeful that it will meet tgt1 within the next 3-4 trading sessions.
Please note that I am a charting student and this analysis is just for my learning and educational purposes and for my seniors to comment.
Asian Paints Ready for breakoutAsian paints taking support from 50 day EMA ready for breakout ( also Descending Wedge Pattern )
T1 - 3090
T2 - 3100
T3 - 3115
Also, im just a beginner if u are an advanced trader and see any mistakes pls comment.
Will update.
#Asianpaint cash : Looks good above 3030.10#Asianpaint cash -Must trade
01.07.2021
Looks good above 3030.10
stoploss 3010
Target 3048-3050/3074/3100
Cmp 3021.60
(If my level is crossed in 1st 5 mins..
then buy above High of 1st 5 min candle)
Asian paint for 29.06.2021understanding trades through support and resistance.
trade will remain void if opens big gap up.
Asian PaintsAsian Paints, Retesting previous resistance now support.
Till trading above 2984-2960 remain bullish.
Short term weakness may come if it stays and sustains below 2960
Asian Paints Ltd - 25.06.2021Asian Paints Ltd - 25.06.2021
The stock has made an all time high of 3092.85
There is a Spinning Top in daily chart
There is RSI Bearish Divergence in weekly chart
There is Stochastic Overbought in weekly chart
Prices are @ ema
one can initiate a sell position when prices go below 2970 with stoploss @ 3020
