Asianpaints
Asian Coming at strong supportAsian paint is now approaching nice and solid support levels. Keep and eye on XABCD with 1.618 FIB and XABCD with 0.886 FIB
Any investment buy from CMP till 2000 is a solid buy with SL as 1975
For F&O Long positions, we will wait until it formes some sort of Reversal patterns of break downtrend line and then we will have swing low established and we can inititate F&O longs with SL below established swing long.
Trend Reversal LikelyWith the formation of Double Bottom, Asian Paints is likely to start its upmove again
ASIAN Paint short1.618 Harmonics Level, confluence with FIB projection of 1.618
Below 2372 Short is on SL is 2415 (2425 Safe)
Possible tgts are 2275 and 2250
ASIAN PAINTS LTD BREAKDOWNwww.tradingview.com
SELL BELOW : 2370
STOP LOSE : 2529.05
TARGET : 2106.95
Asian Paint: Bullish Divergence on hourly chartAsian paint is forming Bullish RSI Divergence on hourly chart in oversold zone.
A bounce from 2430-2440 levels possible. Wait for an entry.
Targets and stop loss on chart.
Asian Reaction on 3.618 FIBAsian finally reacted. FInally on 3.618 FIB Today a wedge breakdown also happened with evening star pattern.
FOllowup selling will realy confirm is this is major reversal or just one red marubozu daily candle and starts going up again
ASIAN PAINTSI'm not an expert I'm just sharing my views on ASIANPAINTS for next trading day
I'm not responsible for any profit or loss this is not a recommendation
#ASIANPAINT equal leg move at a faster pace#ASIANPAINT equal leg move at a faster pace while crude has jumped 40% in 2 month.
ASIANPAINT - Bullish view - Short Term/IntradayThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
ASIAN PAINTS LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
PRICE WAS TAKING SUPPORT FROM DAILY 20 EMA BUT FINALLY GAVE A CLOSING BELOW IT. 2150-2155 HAS ACTED AS A MAJOR SUPPORT. INCASE THE STOCKS BREAKS THIS LEVEL, WE MIGHT SEE 2135/2100. INCASE OF UPPER BREAKOUT OF TRIANGLE PATTERN NEARBY RESISTANCE IS ALREADY MARKED ON CHARTS (RED LINES)
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
ASIANPAINT - Short-term TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved within couple of days
Trade logic and strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
