Asian Paints - don't waste time follow simple approach??NSE:ASIANPAINT
Too much talk about Asian Paints? Retail investors aren't all fundamental analysts and only sometimes have the time.
If you're screening and believe Asian Paints will withstand the competition, focus on that. Trust in the Indian growth story.
Note: I'm not buying or planning to – my focus is on growth. But for super long-term investors, this might be of interest.
Here's what I'm tracking – the 3-month candlestick chart from TradingView.
For heaven's sake, it's business – 3 months give us a fair timeline for price action to show some certainty.
Disc: No investment , no recommendation
#AsianPaints #Investing #TradingView #LongTermInvestment #pwinvest #trading
Asianpaintslong
Asian Paints - Ready to give a big upmoveThis stock trades with good volumes on the bourses in the higher time frames.
Similarly, it is in the oversold zones of oscillators in higher time frames.
The 52W H/L being INR 3,568 / 2,694
It is consistently making Higher Highs and Higher Lows
It is standing right at the support level of INR 2925 and we expect it to bounce back from this support to make a new lifetime high.
If it fails to support INR 2925, it will enter its demand zone at INR 2700 wherefrom it will bounce back to reach almost its lifetime high
Resultantly, I believe that the target price should be INR 3760-3800
Stop Loss should be INR 2560
Risk to Reward will be 1:6
The time horizon should be 9-12 months
ASIAN PAINTS RBTSASIAN PAINTS has given a buy signal according to range bound trading strategy. The lower limit of the range is 2707.05 and the upper limit of the range is 3500. The stock has covered the range three times in the past. Although the March 2024 quarterly results are not as good as the previous quarter but with increasing demand of residential projects in Bharat(which can be tracked by the news articles), the demand of paint is also bound to increase and this will surely enhance the turnover and profitability of the largest paint maker in Bharat.
Please do your own analysis before investing.
Hope you learned something new from my ideas.
Do like, share and follow me. thank you
ASIANPAINTS Analysis??ASIANPAINTS::
This stock is trading in a channel
price is now at trendline,
previously multiple times taken the support from trendline...
keep in long side as long as price is above the trendline...
A strong demand Zone is observed at 2800 levels.
now price is in consolidation to bullishness is observed...chance of reversal from topside to test this demand zone again.
look for long opportunities in this stock.
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.
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
Asian Paints Positional Buy IdeaAs per my analysis NSE:ASIANPAINT has been sustained above important resistance of 3197. It could be best positional buy entry at level of 3250 with stop loss of 3175 (-75 risk). My expected upside target would be 3315 (+65), 3380 (+130) & 3480 (+230).
This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
ASIANPAINT--Long Opportunity??Price is still in the same range after a strong move to the upside...
After giving some discount to enter long.
I have identified a potential long-term investment opportunity in Asian Paints.
After conducting thorough research and analysis,
I believe that this stock has strong fundamentals, growth potential, and a solid competitive position within its industry.
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....
ASIANPAINTS--@Resistance ??Asian paints reversed from the Resistance zone....
A strong fall is noticed....
the stock is in a range from 3 days....
It might again test the Resistance zone...
now the price is near its support, observed Morning star Pattern...
keep observe this stock... if failed to break above the resistance will look for sell.
ASIANPAINT--Trading in Resistance Zone??Price is in the resistance zone....
showing bearish pressure but sellers failed to take the price downwards....
price broken the trendline and again buyers push the price upwards...no chance for short.
keep track this for short....will update once it is reversed...
ASIANPAINTS--Near Its Trendline??Observations::
The stock is trending upwards...
price is taken the support from previous resistance in the zone 3250 and moved up...
now price is near to the trendline...if price breaks this will again test this zone...
If this zone failed to take the price again up...and trendline acts as resistance...will observe a strong fall.
keep track these levels...3250 and 3175-3150 range and final support @3075-3050 range.
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.
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 : 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".
ASIANPAINTAsian paint is moving in a range. However, I have this analysis for a short time swing only.
It can give a 100-150 point move anywhere up or down once it breaks this range.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.