Asian Paint's next movement As per my view 2840 will be the next target... Because Head and solders pattern create at day time frame...
ASIANPAINT trade ideas
Asianpaint 3400CE 3500CEAs of 23 February ASIANPAINT closed at 3237. If you look at the chart the stock is trading above the TRENDLINE. There is small RESISTANCE area between the price of 3262-3282.If it consolidate between the TRENDLINE and the RESISTANCE area for next 2-3 days then after that it can give a UP side momentum.
If we look at the price of March 3400CE is trading at 40 and 3500CE is trading at 21. Adding one lot each which will cost around (6000+3135) 9135. It can give more than 100% return.
STOPLOSS- If the main TRENDLINE broken exit the position
TARGET- If the spot gives a high of 3% exit the 3500CE and book profit and hold 3400 CE
DISCLAMIER-
THIS IS JUST FOR EDUCATIONAL PURPOSE,DO CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING POSITION
WILL KEEP UPDATING.......KEEP FOLLOWING...
ASIANPAINT Trade OpportunityAs of 23 February ASIANPAINT closed at 3237. If you look at the chart the stock is trading above the TRENDLINE. There is small RESISTANCE area between the price of 3262-3282.If it consolidate between the TRENDLINE and the RESISTANCE area for next 2-3 days then after that it can give a UP side momentum.
NOTE-
ENTRY-3190-3264
STOPLOSS- 2980
1st TARGET- 3470 (8%)
2nd TARGET- 3800(16%)
DISCLAMIER-
THIS IS JUST FOR EDUCATIONAL PURPOSE,DO CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING.
ASIANPAINT buy for intraday tradingASIANPAINT buy for intraday trading if stock break the channel...........
Asian paint buy and hold Asian paints chart
The stock is supporting the lower channel from long time.
Few days back the stock traded below the channel but we have seen a sharp bounce next day.
Today again the stock open gap down due to global sell off.
As long as today low holds we can see 327, 3340, 3480 level.
Wait for breakoutin 1 Hr TF, if price break trendline and give hard close after breakout we can see nice movement...
This means if the orange line breaks and make a complete white candle after breaking, the orange trend line then we can expect a nice upward movement.. or we can test pink or orange trending before a big upmove and similarly, if pink break and nice blue candle formed outside it then we can expect nice down movement, or before move down we may test pink or orange trend...
ASIANPAint buy for intraday tradingASIANPAint buy for intraday trading if market open in green...........
Asian Paint Intra Day Trading StragetyAsian Paint Intra Day Trading Stragety
Asian Paint Stock is falling down
Bajaj Fiserv will go BOOM!hey guys you can buy Bajaj Fiserv at 15180 and can do long in intraday if the day give confirmation. #GoSelfMade
#ASIANPAINTSHello,
Here I found A beautiful swing trade on Asian paints on a daily time frame. Lets see my trading setup
1-) the stock is in strong uptrend so I'm going in right direction
2-)A good support area plus a trend following 200 day moving average on which price closed yesterday
3-| A fake breakdown which means who ever shorted Asian paints their stop loss has been Triggered.
Pidilight buy @ 3260 Target 3600Pidilight buy @ 3260 Target 3600.
Hello Traders, its an idea to get education purpose only
Asian Paints ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Asian Paints ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish, so take positions carefully.
ASIAN PaintsAsian Paints
Currently in a Downtrend
We would have to wait for a reversal for fresh Buy or we might see a Bounce back at the Green Lines which are the support levels.
Like & Follow
Happy Trading
#ASIAN PAINTS#ASIANPAINTS
rsi divergence appeared on weekly chart, stock is expected to reach swing low 2982. If it breaks the said level, then further fall is expected till 2844 & 2630. view is valid from 3 month to 12 month approx.
ASIANPAINTS - RSI divergenceASIANPAINTS showing negative divergence on Weekly charts indicating weakness for short term.
ROC is clearly showing this divergence.
Increasing Oil prices and a Weakening Rupee are putting pressure on paint company margins for short term duration.
Be careful if holding long positions
LONG ASIAN PAINTS ASIAN PAINTS
Buy above 3000
Wait for 4H OR Daily closing
Easily 15% to 16%
MUST BUY ABOVE 3000
Will update accordingly !!
