Asianpaints
Nifty 50 Stock Analysis Series - Asian Paints - 4th stockMy Observation:
1. Formed U shaped fall-and-down pattern in this year.
2. Rally started and ended at Rs.3444.
3. Stock Price is
** At 21 SMA
** Below 50 SMA
** At 100 SMA
Indicates to do monthly SIP for long term
4. Then Correction started with (ABC) pattern from last week of Sep'21.
5. Expecting this fall to Rs.2830 and start next rally.
6. Target #1 - 10% (Rs.3119)
7. Target #2 - 20% (Rs.3440)
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
Asian Paints strong above 3170...After breaking, the resistance of 3170 Asian Paints comfortably traded at 3226.
The chart is self-explanatory.
We can see confirmation of the trend from the following points.
1) Breakout of dynamic resistance line.
2) Fibonacci level support
3) Higher Low after consecutive Lower lows.
Buying Range:3230 to 3170
Stop Loss: 3050
Expected target: 3505, 3800 to 4100.
Happy Trading
Asian Paints For Short TermAsian Paints Go Long For Short Term Trend Line Breakout + Last Swing Breakout + Levels Are Target.
What we believe in :-
°Trade With Logic
°Take Time Before Investment
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DISCLAIMER :- This Channel Is For ( EDUCATIONAL PURPOSES )
BUY ASIANPAINTS AROUND 3070-3100 TGT 3300/3580 SL BELOW 2990Asian paints took a sharp correction within last week before the result season. As the festival season is approaching, paint sector will be a good buy for the short term. On the charts , it is currently holding 50 dma. Any correction to 100 dma will be an excellent opportunity for short term trade with above mentioned target and stop losses.
AsianPaint Bullish MomentumHere I am Sharing the technical analysis of Asian Paints. As you can see that the price is at life time high so I've used trend based Fib Extension Tool to find out the levels up to where the price can reach or from where the price can resist in the open Sky.
The Price has been trading in a channel and it has resisted the upper trend line of the channel and from the 78% level of fib extension as well. RSI seems to be rising and building the momentum and Stochastic RSI has given the positive signal as well.
One can buy Asian Paints for level of 100% i.e. 3644.05 if the price consolidates near to the 78% level or breaks through the level and the trend line.
Note: This is just for Educational Purpose. Before entering the trade please consult with your Advisor.
Technical analysis of #ASIANPAINT for long term investmentHere is my technical analysis of #ASIANPAINT
▶️long term investments (using monthly charts)
▶️short term investments (using weekly charts)
Indicators :
▶️200 DMA
▶️Bollinger Bands
▶️RSI
For educational purposes only.
#stockstowatch #NSE #investing
Technical analysis of #ASIANPAINT for short term investmentHere is my technical analysis of #ASIANPAINT
▶️long term investments (using monthly charts)
▶️short term investments (using weekly charts)
Indicators :
▶️200 DMA
▶️Bollinger Bands
▶️RSI
For educational purposes only.
#stockstowatch #NSE #investing