Asian PaintA long position call Asian Paint@ 3025 around
disclaimer; This post only educational purposes only.
ASIANPAINT trade ideas
Asian paints looking bearish for a whileAsian paints looking bearish for a while
1. RSI negative diversion
2. Double top pattern
3. Rising wedge Flag pattern can breakdown
4. Daily candle showing bearish sign
Long AsianpaintsLooking good for 3150+ .
NSE:ASIANPAINT
Important levels marked on the chart.
Education purpose only.
ASIAN PAINTS LTD. LONG FOR 3 WEEKLong for 3 week
Technical view:
This srock outperform benchmark index and sectoral index from 2 days.
Higher volume bullish candle.
MACD crossing above zero line.
RSI positive
Good relative strength.
Support Super trend signal and uptrend continue.
Possibility of small retracement, bye after small retracement.
Asian paints hourly chart trading near to its 20 ema .trendline resistence breakout . decent bet for tomm intraday
Asianpaint - Elliott wave analysis - ABC correction It completed the impulse sequence at 3180 high and dropped sharply as wave A. The current price action is not very clear, but if it drops below 2954, it is considered to be the part of 3rd of C wave and can go further downside. Unless then, there is a chance of B wave flat correction.
Price ActionTrend lines can be used to trade, if it closes beyond those trend lines trade can be taken respectively
Asianpaint - Elliott wave analysis - ABC correction Asianpaint is in B wave correction followed by A wave fall and will go more downside once it finished. There is a possibility of more sideways price action before it start C wave down.
Asianpaint - Elliott wave analysis - ABC correctionIt completed the impulse 5th wave as discussed in previous update. The drop was more like a wave A impulse, so any three wave bounce will be a short sell trading opportunity for C wave as ABC zigzag down as far as price remains below 3180.
Swing Trade On Asian PaintsI took a swing trade on asian paints.The reasone behind that i saw a "Flag and Pole" Pattern in that.
My Levels:
Buy Above:3000
Sell below:2850
Asianpaint - Elliott wave analysis - may correct soonIt looks like the impulse cycle finished at first look. The confirmation level is 2965, means below that level it is going to correct, but above 2970 level, it can extend higher for slight upside more as Nifty is yet bullish and in 5th of 5th wave.
POSITIONAL LONG VIEW IN #ASIANPAINT CMP SPOT - 3016 BO RE - TESTPOSITIONAL LONG VIEW IN #ASIANPAINT CMP SPOT - 3016 BO RE - TEST LEVELS 3016 - 3000 ACCUMULATION ZONE
BUY ASIANPAINT RANGE 3016 - 3000
STOP LOSS 2960 ON CLBS
TARGET - 3100 3200 3300 3400 +++
ASIAN PAINTS - Hidden Bulls foundHidden bullish divergence found in daily Time frame.
Entry can be take between 2990 - 3000 (15 minutues candle close).
View negated below 2960.
Expected targets - 3050 to 3093
Asian Paint BreakoutFrom this point you have both opportunities, wait for the next 3/4 candles of 5min timeframe and decide the trade opportunity...
ASIAN PAINTS JULY FUT @ below 3000A double top pattern on daily chart is good opportunity to short Futures @3000 and for a target 2905
SL :3020
