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.
Asianpaints
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
Asian Paints - Bullish Structure - VSA AnalysisVSA Study for NSE:ASIANPAINT
Stock has got good consolidation after the previous Volume based Breakout with WRC.
Today it has given the breakout again from current consolidation area.
Horizontal consolidation are consider to be good setup, for the reasons please explore some good books on price action.
If this breakout survive then it can give a good momentum setup.
After trading the breakout setup, one should avoid chasing the stocks. Instead let it to be cool-off and complete its pullback structure then accumulate more.
My Setup for Tomorrow Entry: 2132 above if sustain then I will take entry .