ASIANPAINT trade ideas
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
Facing channel trendline resistance .....can be shortedCan be shorted at Trendline resistance area for 25 points Targets SL 2340
Go long if cross levelRange breakout but still pending for move, Go long if open flat or almost flat and cross level
#ASIANPAINT equal leg move at a faster pace#ASIANPAINT equal leg move at a faster pace while crude has jumped 40% in 2 month.
Time to be Cautiousmultiple Resistance as per Harmonics... lets see how price reacts here.... if u are long... trails your Sl... or book 50% at PRZ
Asian Paints - Breakout with Volume - Blue sky, wait for retestBreakout with Volume - Blue sky, wait for retest to enter
ASIANPAINT - Bullish view - Short Term/IntradayThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't chase the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management. Do your own study before taking any trade
Feel free to comment for any queries & suggestion
ASIAN PAINTS LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
PRICE WAS TAKING SUPPORT FROM DAILY 20 EMA BUT FINALLY GAVE A CLOSING BELOW IT. 2150-2155 HAS ACTED AS A MAJOR SUPPORT. INCASE THE STOCKS BREAKS THIS LEVEL, WE MIGHT SEE 2135/2100. INCASE OF UPPER BREAKOUT OF TRIANGLE PATTERN NEARBY RESISTANCE IS ALREADY MARKED ON CHARTS (RED LINES)
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
