ASIANPAINT
ASIAN PAINT swing trading ideapattern - price channel breakout (flag pattern)
timeframe - Daily
risk-reward - 1:2
#ASIANPAINT equal leg move at a faster pace#ASIANPAINT equal leg move at a faster pace while crude has jumped 40% in 2 month.
ASIAN PAINTS LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
PRICE WAS TAKING SUPPORT FROM DAILY 20 EMA BUT FINALLY GAVE A CLOSING BELOW IT. 2150-2155 HAS ACTED AS A MAJOR SUPPORT. INCASE THE STOCKS BREAKS THIS LEVEL, WE MIGHT SEE 2135/2100. INCASE OF UPPER BREAKOUT OF TRIANGLE PATTERN NEARBY RESISTANCE IS ALREADY MARKED ON CHARTS (RED LINES)
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
ASIANPAINT - Intraday/Very Short termThis analysis is purely based on price action.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself.
Don't run after the price. If it opens gap-up then wait for it come back near support.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
ASIANPAINTS (Double Bottom, W Pattern) - Intraday/BTST TradeThis analysis is purely based on price action and chart patterns
This trade analysis is for intraday/BTST Trade
Trade Strategy is given in image itself.
*Trade with your own risk and money management*
Feel Free to comment down for any query or suggestion.
Buy Asian Paint Setup - 2.7% gain (September 2020)Buy Asian Paint Setup - 2.7% gain (September 2020)
Asian Paints | BUYStock marked its new lifetime high of ₹2,016.85 last week. Now, the price action is sort of a potential bull-flag pattern and importantly, the monthly chart shows a solid breakout. Coming week, the stock is likely to make higher highs.
AsianpaintCurrently near all time high , if able to sustain close above 1834.90 in next few Weeks , can see movement upto 1918++.
Short - 2-3 months NSE:ASIANPAINT
Bearish Deep Crab under formation in ASIANPAINT in Daily.Hello,
Bearish Deep Crab under formation in ASIANPAINT in Daily time frame.
Noted: This chart is only for study and reference purpose only.
ASIAN PAINT - Black Marubozu & Bearish Engulfing - on breakdown#ASIANPAINT after deceleration of YoY result on 24th June stock is opening and closing over the 100EMA and taking the support.
Today 8th July stock created the Black Marubozu and Bearish Engulfing candle that show weakness in stock but again it closed above 100EMA support.
Showing Bearish in all Technical Parameter:
Black Marubozu
Bearish Engulfing
CCI Bearish
William R% treading down
RSI treading down
Closing below previous low
Close crossing last month close from above
Aggressive New Shot position
Stock underperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 1639 and 1595
Breakdown : 1659
CMP : 1686
Breakout : 1710.50
Short Target : 1748
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Positive Point:
1) Bullish in weekly and monthly chart.
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(Disclaimer: This is only for educational purpose.)
ASIANPAINT - GO LONG FOR A GREAT RR BY JULY ENDASIANPAINT - GO LONG @ CMP WITH A SL OF 1483 AND A TARGET OF 2040. TARGET SHOULD BE ACHIEVED BY JULY-END. COMPULSORY EXIT ON TARGET COMPLETION. CAN GO SHORT.
ASIAN Paints 75 Min Analysis * Price Bounce Back From Demand Zone .
* Any 75 Min Candle Did't Give Closing below Today's Low .
* Strong RSI Divergence .
Buy When 75 Min Candle Close Above Today's High That Is 1576.5
ASIAN PAINT Long till 1640-1660 Asian paint can be long till 1650-1660 from there reversal expected.
Short reversal target 1 : 1530, 1480
ASIANPAINT - Local Bearish DivergencePremise:
1. A retrace to the OTE will occur
2. The bullish divergence will fully play out, bringing the price to the OTE
3. This retrace upwards will be in more than 5 candles
4. A bearish divergence will thus appear
Execution:
1. 1:2:3 Short scale inside 1237-1240
2. Stop at 1286
3. Target is a long term support region at 1043 (zoom out :) )
Result:
1. A 6.26:1 RR trade is executed
