Short Side on Asian PaintHangging man candle formation on daily chart.
Today's selling volume is huge.
Bearish cross over on MACD daily chart.
SL 1746-1750
Target 1570 Positional
Asianpaints
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.)
LONG Asian Paints Intraday BTSTLong Asian Paint Indicator based Buying MACD breakout Target SL on Chart
For monitoring educational purpose
Trade on your own Risk
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
6R Opportunity; Buy Zone Marked on Chart- Break of Down Trendline (forming a falling wedge in the end) indicating that Selling pressure has subsided.
- RSI showing Double Bullish Divergence is another indication.
- The last gap down opening was filled by a close above it.
- A Retrace to the marked Buy Zone is a buy.
Asian Paint Weekly Trade setup....!!!Hello friends, I hope you like my analysis if you have any question you can comment or support by liking it.
If you are liking to buy Asian paint then you can buy below
the lower value for delivery for towards 1600-1700
Thanks
Asian paints Swing trade possible - possible Target 1720Asian paints Swing trade possible - downtrend with loss on momentum - Target 1720
Sell may futures at highest price point for a gain of 40 to 50 points.
Asian Paints ~ Looks like distrbutoin Phase is done.Expecting 850-950 Zone to be visited, which gives will us opportunity for LONG TERM INVESTMENT.
ASIAN PAINTSBased on trend pattern it seems on daily chart Asian paints showing good support near bottom of channel formation. Hope it will show positive side movement from Monday and can see upward movement in 2- 3 days for 3-5 % minimum as iam expecting.
Asian Paints - Bat Pattern Asian paints daily has Bat Formation.
Bat prz zone is at 1860 levels which is near with gap resistance at 1840, hence this provides us with supply zone of 1860-1840.
Stop loss can be place at 1900 levels with a target of 1700 levels.
Entry of trade can be planned on lower time frame in the zone of 1840-1860.
PLEASE DO NOT FOLLOW BLINDLY, DO YOUR OWN RESEARCH.
ASIAN PAINTS | Making Higher Highs | Buy Opportunity (NSE India)Friends, please support this idea with LIKE if you find it useful.
I'm seeing a buy opportunity here. Use the pullback to get in.
Reason:
- Seen a huge demand at market opening; Market gapped up.
- Sellers tried to push the price down. They couldn't breach the yesterday's low; followed by strong rejection candle means a demand pool is there.
- Making higher highs to the upside; bulls were in full control.
- Weak resistance to the upside.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ASIAN PAINTS | Short Sell OpportunityFriends, please support this idea with LIKE if you find it useful.
Even though its main trend is positive. Looks like price is going to retest the previous demand zone before it rides back to the upside. So you may get a sell opportunity here. Use the pullback to get in.
Reasons:
- Made a double top.
- The price is trading near a resistance area. .
- Nifty is weak.
- Weak supports.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ASIANPAINTS - ULTIMATE EXPIRY PLAY FOR SHORTS. RR OF 1:8ASIANPAINTS - GO SHORT @ CMP WITH A SL OF 1690 AMD A TARGET OF 1325. TARGET SHOULD BE ACHIEVED BY APRIL 30, 2020
this stock is a leader in chemical industryin last 3 month Asian paints down by 13.16%
and nifty down by 33.88%
Asian Paints forcastPrice seems too high and the channel obeys it, As the price reached the above line it may go a little high above or equal to 1927.
It opened gap up today and made a high of 1915.
I am expecting it will come down to 1530 in the next quarter.
Drop in the oil prices will benefit the paint sector.
Key Raw material imports (Titanium dioxide) from China may affect the sector.
