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Asianpaints

ASIANPAINT on verge of serious breakdownNSE:ASIANPAINT has broken down from a triangular consolidation and seem to have taken support at 200 week MA. Last time the stock touched 200 WMA was in 2009 (yes, a good long 15 years back). If 200 WMA holds then it would save the stock but if it breaks then we might see up to 30% downside from current levels as per TA targets for the triangle and these are conservative targets. Keep an eye this week to check what happens at the end of the week.
NSE:ASIANPAINTShort
by YetAnotherTA
Asian Paints High Reward IdeaAs per my analysis NSE:ASIANPAINT has completed its weekly correction. Sustained above previous low's and trying to make ready for upside rally. Best entry level to take positional buyer entry is 2965 with stop loss of only (2910 (-55 Points Risk). My expected upside target would be 3080 (+115), 3132 (+167), 3173 (+208) & 3249 (+284). This could be very low risk and very high reward idea. Note: This is my personal analysis, only to learn stock market behavior. Thanks.
NSE:ASIANPAINTLong
by thetradeterminal
ASIANPAINT--Long on Trendline Break and Retest??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:ASIANPAINT
by IIT-Trader
3
ASIANPAINTS--@Near Golden Zone ??The stock is facing resistance from the zone 3560-3580 zone.... After a strong bullish momentum from bottom levels, price is now given retracement to the golden zone of fibonacci.... Look here for buying opportunity to enter long.... @3200 Zone previously a strong buy ness is observed... Keep track this for buying. This time price may break the resistance levels... A strong consolidation is observed before reaching the Golden Zone and also a strong fall indication of exhaustion of sellers.... Keep an eye on these levels @3360 will again try to push downside... If this zone pushes the price down 3240 level will again pushes the price upside... keep look for buying....
NSE:ASIANPAINT
by IIT-Trader
1