Asianpaints
structure tradingIf there is a pattern structure like this it is a valid trade
refer chart for details
Asian Paints already reversed from its trend!Asian Paint is following nifty in terms of RSI, a bearish divergence has been seen.
Current PE ratio of Asian Paints is high as per industry PE ratio.
Also 3 bar reversal pattern can be seen in monthly chart, indicating a long term downfall in Asian paints.
AsianPaint | More Paints remaining for BullsExpecting AsianPaint to achieve targets of 1.618% of Fibo Levels. However, more volatility is expected as result is around the corner.
Asian Paints- Breaks 52 Week HighAsian Paints has recently given 52 Week High with strong Breakout. It confirms the strong Uptrend.On Monday expecting a Small correction in stock which i can assume buy opportunity near 1265-1270. My TGT Will Be 1380 for upcoming Week and 1500 for upcoming Month with the Stoploss of 1200
AXIS BANK ... ACCUMULATE AT CURRENT PRICE ............I HAVE A STRONG BULLISH VIEW ON AXIS BANK AND SEE LEVELS AROUND 580+ ON OR BEFORE 24 OCTOBER 2017!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Buy AsianpaintReason: Asianpaint trading in triangle of 50 point height. Breakout point at 1158
At/Between: 1160-50
Stop: 1138
T1: 1185
T2: 1210
ASIANPAINTS look for break of this correction to downside.Hi Guys, Those who trade it can look for break to downside if it broke that corrective structure then more up or more down.
LONG Asian Paint Breaking out to FRESH HIGHSAfter a consolidating for a while in a rectangular range, Today the price action breaks above the previous highs or resistance and now expect to make a fresh high close. It indicates strength from buyers side and confirmation of upward move.
Asian Paints: Beautiful Action-Reaction LinesPlotted is the nice set of action-reaction lines. Note how price respects the 50% level. Price headed to upper line at 1300-ish.
Asian Paints : Bullish Flag - Breakout Ready !Hi Guys,
We are expecting upward breakout from the bullish flag pattern in asian paints and if we get the breakout we can initiate long positions after checking out our risk:reward.
Thanks for your support...
Happy Trading !
Asian Paints Pullback Bullish entry setupTo be honest I really like the simple trend continuation pullback entries.
They exactly come to our support/resistance zone, stagnates for sometime and raises in our direction most of times.
These setups dont need complicated analysis or any technical analysis at all.
In this particular setup of Asianpaint , Risk reward is above 1.5 or if you decide to wait for better entry its way more than 2
Am planning to enter around 990's but depends on today's opening.
