ASIANPAINT trade ideas
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!
#AsianPaintsAsian Paints is bullish on every TF. Here on Daily chart we are seeing a Rising Wedge Pattern indicating a strong trend reversal. We can confirm the bearishness once the pattern is broken.
ASIANPAINT - Short-term TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved within couple of days
Trade logic and strategy is explained in image itself. Don't run after 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
Uptrend channel with a triangle breakout, good to watchoutJust watch the trendline break and trade accordingly.
Live Intraday Trading - How to identify a "W" pattern !!It is a bullish formation pattern . Every time a breakout in this pattern gives a handsome profit !!
Asian paints good short candidateAsian paints spot cmp 2220
Deep crab pattern formation, bearish
PRZ around 2215 to 2240
Pattern violation above 2260 on closing basis
counter is trading around trend line resistance of rising channel pattern
price is making higher high and RSI is making lower high, bearish divergence
Good short candidate
Down side levels of 2121,,2060,,2010 possible
ASIANPAINT - Intraday/Very Short termThis analysis is purely based on price action.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself.
Don't run after the price. If it opens gap-up then wait for it come back near support.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
Asian Paints - Bullish Structure - VSA AnalysisVSA Study for NSE:ASIANPAINT
Stock has got good consolidation after the previous Volume based Breakout with WRC.
Today it has given the breakout again from current consolidation area.
Horizontal consolidation are consider to be good setup, for the reasons please explore some good books on price action.
If this breakout survive then it can give a good momentum setup.
After trading the breakout setup, one should avoid chasing the stocks. Instead let it to be cool-off and complete its pullback structure then accumulate more.
My Setup for Tomorrow Entry: 2132 above if sustain then I will take entry .
Asian paints gave easy 2% returnthings I have learnt
1. Paper trading is different than real trading
2. discipline and risk management is the only key
3. find the convenient setup according to you and work hell out of it.
CONNECT WITH ME THROUGH THE LINK IN PRICING TO JOIN THIS LONELY JOURNEY OF STOCK TRADING AND YET PROFITABLE LIKE HELL
Asian Paint - Bullish Flag BreakoutAsian Paint has given a Bullish Flag Breakout with good volume. Looks good for all-time high levels.
FLAG PATTERN IT WILL BE CLEAR BEREAKOUT IF THIS FLAG PATTERN BREAKS AND IT WILL GOING TO 2200 - 2250 GO LONG ON ASIAN PAINTS
IT IS FOR EDUCTIONAL PURPOSE
TRADE WITH YOUR RISK
