Inverse head and shoulder pattern Breakout in Asian paint.Asian paint has given pattern on daily chart.
We can expect a big moves in Asian paint. One should hold Asian paint for a short term.
Asianpaints
ASIANPAINT--3160 or 2920 Observations::
Trending upwards... facing resistance in the zone, 3120 if failed to break this level and falls below ,
trendline and 3080 level will go for selling up to 2960 and 2920 levels.
If price take the help of 3080 level and break 3120 level we go buying target of 3200 levels.
ASIANPAINT--Demand zone@3050 ??Observations::
---------->> The stock is trending upwards in daily time frame.
---------->> now facing resistance in the zone @3160 level, which is a previous resistance.
----------->> we have a demand zone placed @3050 level, which will act as a support again. Keep watch this level, if failed to act as support sell for the downside demand zone placed @ 2970 level.
----------->> Buy at 3050 level for the target of 3160 and 3240 levels. Keep your stop loss below the 3020 level.
the previous support @3050 again acts as a support.
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In 15 min time frame the stock is coming to the downside with consolidation from resistance, which is clearly a sign of bullishness from demand zone.
Book profit in sAian Paints
Its time to book profit in Asian Paints, it should consolidate or go down from here for a couple of weeks
ASIANPAINTS- Support becomes Resistance??Observations:
------->> Asianpaints is trending upwards strongly.
-------->> Previous Support at 3020-3030 level , If this level acts as resistance price may fall.
-------->> careful at this level before going long from here.
-------->> Recently price breaks an untested supply zone at 2950-2955 range, if this level acts as support and price breaks 3020-3030 range, price will reach next Resistance @3100-3145 range.
ASIANPAINT NEAR DOUBLE BOTTOM BREAKOUTThe price taken support near the upward trendline and formed double bottom structure on daily timeframe & now trading near the breakout level if price breakout the level of 2825 and sustain above it than we can see a sharp momentum in the price towards the upside level . The level of 2740 --2700 is an important support level for the price. The RSI also taken support @ 40 level , which showing good momentum in the price for the upside levels.The upper targets will be 2900/2950/3033 towards the upside. Good opportunity to buy stocks for investment point of view.
ASIANPAINTS FALLING WEDGE BREAKOUT#SwingTrade - #AsianPaints (1 HR)📈
👉#Asianpaints
Buy 2750-2775
SL - 2700 (1 HR CLB)
TGT - 2905/3000+
📌Logic📈
👉Trendline Support
👉Falling Wedge Pattern Support
👉Falling Wedge Breakout + W Pattern Breakout
Asian Paints a long term investment idea and a portfolio stockAsian Paint company is well known as Paint company. Company became corporate force and India’s leading paint company. Company manufactures a wide rang of paints for decorative and industrial use and also offers wall coverings, water proofing, adhesives and other related services. Company also manufactures home improvement bath and kitchen products. CMP of the stock is 2882.10.
On the back of low crude prices, the stock seems to be poised for a rally. Negatives of the company are high valuation (P.E. = 74.3) and MFs are decreasing stake. Positives of the company are No debt, improving net profit and company trying to decrease it’s pledging. The company is a portfolio stock and a long term investment idea.
X/2 Entry in Asian paints can be taken after closing above 2885. Final entry in the stock can be taken after closing above 2975. The targets for the stock will be 3028 and 3152. Long term targets for the stock will be 3242 and 3300+. Stop Loss in the stock can be kept at a weekly closing below 2693.
Asianpaints weekly view 24th to 28th April 2023 View Asian Paints Tripple bottom formation
Buy Above 2882 Sl 2865, Targets 2924, 2954,2985,3012,3163
Short Below 2848 SL 2885 Target 2813,2760,2753
Sell Asian Paints NSE:ASIANPAINT
Sell below 2750 (Spot) and make future hedge to go short on this.
Mean sell future and buy CR which have at least 70% intrinsic value.
#ASIANPAINT Bullish Divergence!!!#Asianpaint:- There is bullish divergence between price & it's RSI. Price perfecttly following the upward trendline and again taken support at trendline & Moving toward upside. The price respected the support level and persisted itself at the support level . The market is pulling back after testing the resistance and impulse move. I expect growth from the support level. Above 2810 my target will be 2965-- 3020--3230.
ASIANPAINT : retest of support zoneASIANPAINT is trading in zone since few days, it may retest support zone in coming day.
Invalid if it broke resistance
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L".
Monday Setup for intraday Asian Paint
asian paint for long if 2853 to 2860 some time stay and after that break the leval first target is 2900 and second is 2920 and 10 ema cross 20 ema if market mood is postive
Asian paints looks good for swingAsian paints is recently in downtrend.
It is trying to hold its level at current price.
One can buy it for swing purpose
Trendline Breakdown in Asian Paints Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Asian paints in an way of head and shoulder breakout Asian paints was in a way of its bullish head and shoulder breakout also with full support of RSI ..
Buy it at 2856
Target 2918 2964 3027
Sl 2730
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