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
ASIANPAINT trade ideas
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
ASIANPAINTS - Intraday/Very Short term swingThis analysis is purely based on Price Action and Chart Patterns
Target may reach in intraday trade or in a couple of days.
Trade Strategies are shared in image itself with proper Entry level, SL and Target level
*Trade on your own risk and money management*
Feel Free to comment for any queries or suggestions
ASIANPAINT (NSE) - Elliottwave analysisAsianpaint - It is in ABC zigzag from bottom in 2 hr chart and seems completed at last swing high. It looks like double top pattern and price is still above the neckline. Sell on bounce with stop loss above 2124.05. Once the neckline broken down then price will fall sharply.
Give thumbs up if you really like the trade idea.