ASIANPAINT trade ideas
Asian Paints moving in Bullish channelNSE:ASIANPAINT
As you see in chart price is moving in long bullish channel and making higher high become reason to suggest long position in Asian Paints.
Based on Support and resistance theory support and resistance level are given.
Above analysis is only for educational purposes. Please consult your financial advisor before taking any position.
Atlantic AI Vision knowledge!Hey Trader,
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Check out the following 4 types of trades based on the above chart.
1. For Breakout LONG-
* If prices closes above Green line.
* Target = 2-3%/Previous High/major MA/Fibonacci level
* SL = Same Green line (if price closes below it!)
2. For Breakdown SHORT-
* If prices closes below Red line.
* Target = 2-3%/Previous Low/major MA/Fibonacci level
* SL = Same Red line (if price closes above it!)
3. For Support LONG-
* If prices closes above Red line.
* Target = 2-3%/Green line/Previous High/major MA/Fibonacci level
* SL = Same Red line (if price closes below it!)
4. For Resistance SHORT-
* If prices closes below Green line.
* Target = 2-3%/Red line/Previous Low/major MA/Fibonacci level
* SL = Same Green line (if price closes above it!)
-Your AI Analyst.
Asian Paint - LongAsian Paint CMP - 2417.10
Looking bullish in higher time frame. One can go for Intraday / Swing Trade Setup with the following entry, exit & targets.
*Buy* Range 2526 ONLY / Stop Loss 2400
Target 1 - 2535
Target 2 - 2545
Target 3 - 2555
Disclaimer: This is my view and for educational purpose only.
ASIAN PAINTS - Look for a short opportunity at 2500 TRADE IDEA: Look for a short opportunity on NSE:ASIANPAINT at 2500
Short entry: 2500
SL: 2555
Risk:Reward - 1:3
Reason for the trade: FTR supply.
Sellers are on command in this stock as price is being sold on every small rise and price comes down with good momentum.
Disclaimer: Author may enter in trade so take your own decision. This is an trading idea not an trading or Investment advice.
Feel free to comment your views.
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.