ASIANPAINT trade ideas
Asian paints wait and enter at 2250Very good demand zone identified. Please find Marking zone.
Entry 2250. Another demand zone near 1965. So, from 2250 buy ok dips.
Asian Paint - ShortAsian Paint CMP - 2513.95
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 2500 ONLY / Stop Loss 2528
Target 1 - 2490
Target 2 - 2480
Target 3 - 2470 / 2460
Disclaimer: This is my view and for educational purpose only.
Go for Long.Asian Paints is the dominant leader in the lucrative decorative paints industry. Looking at its chart pattern, good support and resistance has occurred forming triangle pattern. Good volume and PAT growth implies good future. Good support at 2430-2440. Average or buy at CMP.
Asian Reaction on 3.618 FIBAsian finally reacted. FInally on 3.618 FIB Today a wedge breakdown also happened with evening star pattern.
FOllowup selling will realy confirm is this is major reversal or just one red marubozu daily candle and starts going up again
I JUST RELEASE TO MY INDICATOR THIS NOT ANALYSIS
THIS DEMO FINISHED MY EXPERIENCE INDICATOR RELEASE MY OWN
FOR PEOPLE ADD WITH
AUTO FIBNOCHI RETRACEMENT FOR INTRAAY
ASIAN PAINTSI'm not an expert I'm just sharing my views on ASIANPAINTS for next trading day
I'm not responsible for any profit or loss this is not a recommendation
