ASIANPAINT trade ideas
ASIANPAINT Support & Resistance For Asian Paints Limited (ASIANPAINT), here are the current support and resistance levels based on recent market data:
Support Levels:
First Support (S1): ₹2700
Second Support (S2): ₹2670
Resistance Levels:
First Resistance (R1): ₹3158.80
Second Resistance (R2): ₹3200
Asian Paints Limited (NSE: ASIANPAINT) on the daily (1D) timefraAsian Paints Limited (NSE: ASIANPAINT) on the daily (1D) timeframe,
Support Levels:
3,241.10 INR: This is the recent low and a crucial support level1.
3,200.00 INR: Another significant support level, close to the 200-day EMA2.
Resistance Levels:
3,297.75 INR: The recent high and an immediate resistance level1.
3,350.00 INR: A higher resistance level to watch if the stock breaks above the recent
ASIAN PAINTS - POSITIONAL SWING TRADE IDEA IN CASHSYMBOL - ASIANPAINT
Asian Paints is the largest home decor company in India. The 80+ year old company has major brands like Asian Paints, Berger, Apco etc. under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC windows.
Asian Paints is currently trading between two major supply and demand zones since a long time. CMP of Asian paints is 2700 & It is approaching demand zone on weekly basis.
I'm seeing a positional trade opportunity on buy side. I usually trade in futures but this time I'm taking this trade in cash as general elections are due in June which is a major event for market makers.
Current PE of Asian paints is 46 which makes it a value buy at CMP. I'm investing 50% allocation today at CMP 2700. I'll invest 50% more at 2580-2600 levels & will hold this position with 2500 as SL. Targets I'm expecting on long side will be 2950 - 3220 - 3410 & new ATH. I'm ready to hold this trade for 3 - 6 months.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Asian Paints Ltd Support & Resistance Asian Paints Ltd (ASIANPAINT) is currently trading at ₹3,309.15, with a recent price change of ₹14.70
For Asian Paints (ASIANPAINT), here are the key support and resistance levels:
Support Levels:
₹2,993.98
₹2,861.17
₹2,756.331
Resistance Levels:
₹3,149.85
₹3,219.59
₹3,477.88
Asian Paints Limited 1 DAY Frame A great choice! Let's dive into the Support and Resistance levels for Asian Paints Limited (ASIANPAINT) on the National Stock Exchange (NSE).
For Asian Paints Limited (ASIANPAINT), the key support and resistance levels are as follows:
Support Levels: ₹2700, ₹2670.1012
Resistance Levels: ₹3158.80, ₹360013
These levels can help you plan your trading strategy.
ASIANPAINT // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here's a detailed analysis of the Asian Paints' Levels TVC (Television Commercial) for the 4-hour painting solution:
**Concept:**
The ad showcases the power of Asian Paints' Levels, a 4-hour painting solution that helps customers complete their painting projects quickly and efficiently. The commercial focuses on the convenience and speed offered by Levels, highlighting how it can save time and effort for busy homeowners.
**Storyline:**
The ad features a busy homeowner, a young professional, who is struggling to find time to paint her living room. She is shown juggling multiple tasks, from work to taking care of her family, leaving her little time for painting. The solution comes in the form of Asian Paints' Levels, which promises to get the job done in just 4 hours.
**Key Messages:**
1. **Time-Saving:** The ad emphasizes how Levels can save customers time and effort, allowing them to complete their painting projects quickly and efficiently.
2. **Convenience:** The commercial highlights the convenience of using Levels, showcasing how it can be applied easily and quickly, with minimal fuss.
3. **Quality:** Although not explicitly mentioned, the ad implies that Levels delivers high-quality results, showcasing a beautifully painted living room.
**Visuals:**
* The ad features bright, vibrant colors to showcase the paint and the finished result.
* The busy homeowner is portrayed as a relatable character, emphasizing the importance of saving time and effort.
* The before-and-after transformation is showcased to highlight the effectiveness of Levels.
**Tone:**
* The tone is upbeat and energetic, emphasizing the benefits of using Levels.
* The commercial has a friendly, approachable tone, making it appealing to a wide range of audiences.
**Target Audience:**
* The ad appears to target busy homeowners who value convenience and speed when it comes to completing their painting projects.
* It may also appeal to younger professionals who are looking for quick and easy solutions for their home improvement needs.
**Overall Impact:**
* The ad effectively communicates the benefits of Asian Paints' Levels, highlighting its convenience, speed, and quality.
* It may encourage viewers to consider using Levels for their own painting projects, especially those with busy schedules.
Asianpaint near to flag pattern breakoutAsian paint is very near to the bullish flag breakout. Short term targets and long term targets are both clear. Please follow the chart levels. Will keep updating the post.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Asian Paints Elliot Wave based Analysis - 1+ YR ViewThis script after making a LTH of 3590 in Jan 2022 has been in correction phase in pattern of ABC WAVES (blue color). Currently it is in last phase i.e C which is supposed to be in the form of 12345 pattern (green color). Within this wave C waves 1,2,3 seems to be over and we are in wave 4.
If the stock keep following the Elliott wave theory then
1. As low of wave C which is yet to be formed with wave 5 need to be below 2560 (wave B low).
2. Length of wave 3 has been 752 points so wave 5 can not be greater than 750 in length.
3. If we consider 2550 will be the low of wave C then wave 4 must not go beyond 2550+750=3300.
(on smaller timeframe the stock is making rounding bottom pattern, a daily close above 3340 will activate the target of 3300 so it seems Asian paints most likely should can go up to 3300)
So as long as current wave 4 does not go beyond ~3300 area and comes down one more time to cross below 2560 then Elliott wave theory will be intact.
4. The lowest possible point of wave 5 will depend on actual high of wave 4. Number of points left to touch 3300 must be deducted from 2560 to calculate maximum possible low of wave 5. For example if it reverses from 3250, it means 50 points spared to touch 3300 then wave 5 can go up to 2510 (2560-50).
With above analysis it seems the stock will not break LTH of 3590 until start of 2025. After wave C is finished following all the rules then this stock should start another Elliot wave bull cycle.
Overall bullish till stock reaches in the range of 3250-3300, and from there bearish with target up to 2550. The bearish trade depends on price action around 3300 area.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade with applying your analysis and at your own risk.
Asian Paints - Consolidating beautifully !!!Asian Paints is a large cap stocks and a market leader in paint industry. It has been consolidating beautifully, and we can see it moving towards ATH. Other factors:
1. RSI is improving
2. Steady volumes showing consolidating in a range
3. High delivery ratio from quite some-time
4. TTM topline and profitability is second best as compared to prior years
5. DIIs have increased stake
"Cleaneasycharts"
Learning & Earning!!!
Cheers!!!
Asian Paints Surge: Did you capitalize on the uptrend?Sep 11, 2024
As predicted on Sep 6, 2024, starting from the 61.8% Fib level, Asian paints hit the 78.6% Fib level today. An upside move of almost Rs. 150 in 5 trading days!!
Let us know if you capitalized on the uptrend.
Share the name of the stock you're interested in, and we'll be more than happy to conduct a thorough analysis for you.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
ASIAN PAINT NSE By KRS ChartsDate: 11th July 2024
Time: 9:00 PM
Why ASIAN PAINT?
1. Stock is Extremely Bullish when it comes to overall view from the beginning. But from Sep 2021 , its range-bound between 2650 to 3550 Rs.
2. Here Range Bound movement creating Tringle Chart Pattern . Furthermore, that chart pattern's wave count ABCDE is finished with 2670 Rs low.
3. Also, Bullish Divergence in Monthly TF is clearly visible so when it comes to breakout, its likely to break upside resistance rather than downside support.
So, We can Long ASIAN PAINT with SL of 2670 Rs . for Medium to Long Term.
Asian Paints: Ready for rally? Asian Paint has been in the range-bound zone for the last 3 years almost and now all the bad is said and done for this stock.
As all know it is one of the greatest companies of Indian listed companies after closing above 3100 in a monthly candle, the stock is ready to rally to its all-time high in the next 6-8 months or shorter time.
Asian Paints levels 4h Asian Paints is a top coating company that's known for its professionalism, fast growth, and building shareholder equity. Here are some of the different types of paints that Asian Paints offers:
Current Price: Around ₹3,273.7
Support Levels:
Short-term: ₹2,775.882
Medium-term: ₹2,808.092
Long-term: ₹2,670.10
Resistance Levels:
Short-term: ₹2,843.982
Medium-term: ₹2,855.732
Long-term: ₹3,590.00