ASIANPAINT trade ideas
ASIANPAINT Breakout on Daily ChartASIAN PAINT
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1. BREAKOUT ON DAILY CHART
2. VOLUME CONFIRMATION
3. BETTER EARNINGS AND DIVIDEND ANNOUNCED
WHERE TO BUY
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AT CURRENT PRICE 50%
ON A RETEST OF SUPPORT 50%
WHERE TO EXIT - PROFIT
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STOCK IS MAKING NEW HIGH
FOR SHORT TERM WE CAN BOOK PROFIT AT 3000
FOR LONG TERM WE CAN HOLD FOR 3300
STOP LOSS
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CLOSE BELOW THE SUPPORT LEVEL ON DAILY CLOSING BASIS
Lets have paint again its time to see Asian paints 3000 above
target 3000+
sl 2796 (intraday ) / 2774 (long term )
AsianPaints Flag pattern formation A classic Flag pattern formation can be seen forming in Asian Paints . Breaking 2875 leves we can see prices soaring to 3128 levels .
ASIANPAINTS DAILYAsianpaints Long idea
ENTRY = 2875
CMP = 2848.95
STOPLOSS = 2760
TARGET 1 = 3010
TARGET 2 = 3100
ASIAN PAINT SWING TRADEGood Upmove once weekly close above 2875.
Buyers have accumulated it last few weeks. (CUP shaped pattern).
Target Price : 3450.
Duration : Few Weeks.
Asian Paints -Gearing Up for ATHPaints Giant - The Great Asian Paints is all set for a new all time high after giving strong Q4 results it has given a huge breakout and is sustaining above it. As it is in continuation phase and will move forward after it gives a breakout and close above its all time high. 3250 is the next Fibo target.
Asian PaintsAs per chart trendline breakout with good volume, good results. Upcoming pattern might be as per above with targets as mentioned in short term.
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Above ideas are for educational purposes only, kindly consult your financial advisor before investing.
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Asian paints poised fir new high if 2840 breaks Asian paints may breach 52 week highs if crosses 2840 and crude supports.
Asian Paints 5mth Rounding Bottom BreakoutSector on the move.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Asian Paint for Intraday A intraday shorting opportunity in Asian Paints. It reached a strong resistance zone, took resistance and came down a bit and broke the lower trend line, which indicates a slight weakness. If Nifty is consolidating or moving down then there are very high chances it can come down to 38.20% of Fib retracement before breaking the resistance on the higher side.
Bullish viewAsian paints have bullish crossover and it's break there old resistance zone. it can be buy if its take support on breakout with sl of 2732, target is 2883 and 3105 or 3250
Asian Paints - BullishNSE:ASIANPAINT looks bullish and formed cup and handle pattern. If the momentum continues the price will shoot-up else will come for a retest.
Disclaimer : This chart is for education purpose only. I will not be responsible for your losses or profits.
