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ASIAN PAINTS FUTURESASIAN PAINTS FUTURESASIAN PAINTS FUTURES

ASIAN PAINTS FUTURES

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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
NSE:ASIANPAINT1!Short
by K6633442j
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)).
NSE:ASIANPAINT1!Long
by Trade-Technique
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