ASIANPAINTU2024 trade ideas
if the price crosses 2950 levelasian paints given a large instant move downside,
which might be due to gain some liquidity before moving up..
Wrong entry in asian paints caused loss of 47.55kMistakes:
1. I entered at the breakout candle of the green box.
Solution - should entered, after price crosses the high of breakout candle.(which never happened)
2. I should have exited the stock earlier.
Solution - I entered in a breakout candle but, as soon as the price goes below that candle, i am supposed to exit the trade.
3. Wrong timeframe.
Solution - For futures entry, we should not use daily time frame, 1H and 15 min is right time frame because, in daily time frame movement of 3-4% is not a big task but, with huge quantity of futures, we are not supposed to enter or stay in trade.
10 candles of consolidation in 1D timeframe takes approx 2weeks of patients, which is not always required
Asian paints future analysis Buy only above 3050 with sl of 2982 and target of 3100/3150/3200
sell only below 2950 with sl of 3000 and target of 2900/2850/2820
3050 will be the most imp level, bulls will be back if it sustain above 3050 for a day.
Asian Paints - Head and Shoulder Pattern!!!Asian Paints is making an inverse head and shoulder pattern. Once its crosses the neck, we can see the price movement to 3700-4000. Other factors:
1. Large Cap - we can see movement in large caps now
2. MACD positive
3. RSI above 60
4. Volumes increasing
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
SHORT ASIAPAINTTWT_SUPER_POINT has captured the reversal point for Asianpaint
Go for Short opportunity
Use TWT_SUPER_POINT indicator for such fantastic turning point alerts.
ASIAN PAINTS GO LONGThe stock is likely to go up... the chart is looking good. and risk reward is self explanatory . one can go long based on this .. this is what i call a minimum projection of price might touch. targets SHOULD ALWAYS flexible but have a tight stop loss.
ASIAN PAINTS GO LONGThe stock is likely to go up... the chart is looking good. and risk reward is self explanatory . one can go long based on this .. this is what i call a minimum projection of price might touch. targets are flexible but have a tight stop loss.
ASIAN PAINTS GO SHORTstrictly for the education purpose only. maintain 6% stop loss to gain 18% . it would be arox 1:3
ASIANPAINTBullish BAT - ASIANPAINT FUT
Resistance is 3424.20 and Support is 3395.35.
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#ASIANPAINT POSSIBLE TO SELL#ASIANPAINT trading 3114 formed bearish pattern,
Today trading our retracement level,
we can sell below 3065 and tgt 2985
SL: LIVE
#ASIANPAINTS possible to buy#ASIANPAINTS trading 3102 formed bullish pattern,
Today trading our retracement level,
we can buy above 3145 and tgt for 3205
SL: LIVE
#ASIANPAINT possible to buy
#ASIANPAINT trading 3120 formed bullish pattern,
Today trading our retracement level,
we can buy above 3126 and tgt for 3160
follow SL 3090
15min TF - Expecting a Triangle Thrust in the Asian Paint.The most common Triangle pattern, Asian paint will encounter when you're studying price charts on the higher time-frame for short selling is the contracting triangle, which is right in front of you. It's a 5 wave move, subdivided or identified as waves ((A))((B))((C))((D)) and ((E)). Any wave of the pattern is subdivided into 3 smaller waves, and also too many times. We will find is that alternating waves within the pattern will have 0.618 relationships. If not, then what you can look for is for wave ((D)) for example, the wave ((D) = .618 of wave ((B)) at 3271. You can clearly identify this as a contracting triangle because of the converging trend-lines which connect the extremes of waves ((A)) to ((C)) and ((B)) to ((D)).
This triangle that I'm looking at currently in the Asian Paint ideally the pattern is complete at this juncture where I have identified. Everything hinges do on whether or not wave ((C)) can remain intact.
There're two setup can be:
1. Buy 3275 above on closing basis, for target higher targets.
2. Buy at Critical support 3237 nearby, for thrust target.
My actual traded in morning 18th Feb 2022(Today) in stock future at 3237 for long and i will protect them with stop below 3237 or 3232 at extreme wave ((A)).
Asian Paints Long the stock is at a trendline support
100 dma support also
spinning top candle showing selling momentum going down
buy at cmp for taget of 3550
sl 3250
Asianpaints Quantbox BO Strategy !!Asian paint is running inside my Quant Box for some time. Now is the time to break out and it may be either side.
The Box width is 64 points and the probability of a multiple times return of the number is high.
Stoploss will be on the other side of the box once BO is given.
The target has marked on the chart.
Disclaimer: This information is for educational purpose
Asian Paints FuturesInteresting
Keep an eye, As of now at support.
But breakdown may bring in some weakness.
Asian Paints Futures/Swing/HourlyDecent Breakout near 2474
Any dips to these levels can be bought
Next resistance around 2558-2565 zones
More bullish moves may come on breakout of these zones.
