ASIANPAINT trade ideas
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
Asian PaintWatch for triangle breakout
Aggressive traders can buy with strict SL below bottom triangle line
Near 200 EMA
Conservative traders can enter after price action confirmation
Just for education
long AsianpaintLong opportunity on Asian Paints as it is on the verge of breaking the descending triangle and the Stock is on an upward trajectory on the longer time frame
SOLD ASIANPAINTS @3001 STOP @3014POSITIONAL TRADE*
SOLD ASIANPAINTS @3001
STOP @3014
TARGET 26+ PTS OR MORE
Asian paint looking long opportunityAsianpaint looking long opportunity , if it break 2370 correction may extend till 2250 so SL below 2250 safe
Disclaimer: study purpose
