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Asian Paints Ltd.Asian Paints Ltd.Asian Paints Ltd.

Asian Paints Ltd.

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ASIANPAINT trade ideas

Asian Paints Target as per Elliott waveBuy Asian paints at 2845 with a stop loss of 2818, that must be last down move and from here it is bound to move beyond 3200 at least.. at 2845 wave 1, 2 are supposed to finish for new impulsive wave series and then wave 3 must be 360+ points at least from 2844 ** Please take any trade at your own risk, this is my analysis and sharing in case if goes right and others can get benefit but I might go wrong too, nothing is certain in stock market :)
NSE:ASIANPAINTLong
by brainyAccount81243
Sleeping Giant - ASIAN PAINTS - BUY LevelAsian Paints has been an excellent wealth accumulator. Currently in sideways since 2022. This is accumulation phase after a long up trend. Expectation is of continuation of up trend after this. 1. Support - 2700. Resistance - 3500. 2. Trend - a. Long term trend is UP. b. Since 2022 it is in sideways consolidation. 3. Conclusion - After a good long up trend accumulation is going on since last 2 years. BUY around 2700. First Target 3500. Next Target - 4300. If you find above information useful please do share, give a boost, thanks.
NSE:ASIANPAINT
by NaveenGr
6
ASIAN Paints close to moving out of consolidation Asian paints has been in consolidation phase from a long time over a long time frame. Currently it is showing some indication of breaking out of the resistance levels. Green line in the chart a midterm resistance. Once crosses and sustains it can give good move in near term. I see it touching the move higher level resistance marked in purple line at top around the level of 3180-3200. Once that line is crossed with great volumes and after retracement on the same line can show some good move also touching ATH all depending on overall Market conditions. Up levels 3200-3340-3560 and more per volume with lower levels around 2.5k No recommendations, just my view based on chart pattern.
NSE:ASIANPAINTLong
by viki9
1
ASIANPAINT : Nice ConsolidationStock Analysis: Long Trend Line: The stock has been following a sustained upward trend, indicating consistent growth over time. Consolidation Phase: Recently, the stock entered a consolidation phase, where its price movement became more stable and less volatile. This phase often represents a period of accumulation, where investors are gathering shares before a potential breakout. Volume Buildup: During this consolidation phase, there was a noticeable increase in trading volume. Higher volume can indicate strong investor interest and can be a precursor to a significant price move. Breakout: Today, the stock broke out of its consolidation phase. A breakout, especially accompanied by high volume, is a bullish signal suggesting that the stock may continue its upward trajectory. Shifting Base: The stock's base price, or support level, is shifting higher. This is a positive sign as it indicates that the stock's price floor is rising, reducing downside risk. Target to ATH (All-Time High): Given these factors, the stock looks poised to reach its all-time high. Call to Action: Subscribe to the channel for more stock analysis and market insights. Don't forget to click on the like button if you found this analysis helpful!Hi Stock taking support on long trend line followed by consolidation. Volume build up in consolidation phase and today gave breakout. stock looks good as the base is shifting towards the new high and rate to reach ATH Subscribe to the channel for more such content and click on like butto
NSE:ASIANPAINTLong
by Bengaluru_Expert_Traders
Optimal Entry Point: Asian Paints Indicates Long-Term BuyingIdeal Time to Invest: Asian Paints Shows Strong Support and Bullish Momentum Asian Paints is currently supported by the 200 EMA and a key weekly support zone, indicating a favorable opportunity for long-term investment. Furthermore, the weekly MACD histogram has turned green, suggesting potential upward movement. Learn more about why now might be the right time to add Asian Paints to your long-term investment portfolio. Disclaimer - This analysis is for educational purposes only and should not be considered as financial advice or a recommendation to buy or sell securities.
NSE:ASIANPAINTLong
by Rockstar9831
1
Asian Paints Ltd - Breakout OpportunityDate : 5-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 2,961.75 Targets: (1) Rs. 3,180 --> (2) Rs. 3,308 --> (3) Rs. 3,423 --> (4) Rs. 3,590 SL : Rs. 2,777 on daily close basis Technical View: • Since Apr-2021, NSE:ASIANPAINT is moving sideways between 2,560 and 3,590. It was recently going through it's secondary downtrend. • After touching the high of 3,422.95 on 29-Dec-2023, it has retraced 22% to 2,670.10 level. • On 5-Jun-2024, NSE:ASIANPAINT has broke out from its secondary down trend with higher than average volume. • NSE:ASIANPAINT has also closed above 20 DMA, 50 DMA and 21 DEMA on 5-Jun-2024. Very close to cross the 200 DMA. • RSI has formed bullish cross over and trading at 61.23. MACD is in buy zone and trading at 11.65. • Both MACD and RSI has formed positive divergence indicating trend reversal and bullish momentum. • Looking strong to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:ASIANPAINTLong
by vikrant_252
[ POSITIONAL ] ASIANPAINT LONG BETrisk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings
NSE:ASIANPAINTLong
by Palkesh_Agrawal
Cup and handle formation in Asian PaintsCup and Handle Formation in Asian Paints: Potential Upside Ahead Description: Asian Paints is exhibiting a cup and handle formation, coupled with a positive MACD and support at the 200 HMA. This pattern suggests a potential bullish trend. However, it's essential to note that this analysis is for educational purposes only and not a recommendation to buy or sell. Always consult with a financial advisor before making investment decisions. Disclaimer - For educational purpose only
NSE:ASIANPAINTLong
by Rockstar9831