ASIANPAINT trade ideas
ASIANPAINTS (Cup & Handle) - Intraday/BTST/Short Term SwingThis analysis is purely based on price action and chart patterns.
This can be used for intraday as well as for BTST or Short Term Swing.
Stock price is at important level and if breakout happens it may reach to target 1 quickly
Entry, SL and Targets are marked in image itself.
Trade at your own risk and money management
Feel Free to comment down for any queries or suggestions
Live Intraday Trading - Breaking a lifetime high !!What should be a perfect situation for breaking a market high ?
It had everything that was required to break the lifetime high such as :
1.Pattern
2.Market condition
3.News
Thank you !!
Asiant Paint in Pullback Mode.Daily Time frame : Red Zone is Supply Zone & Green Zone is Demand Zone.
Daily Time Frame it is now in PULL BACK MODE.
Channel Lines are drawn : Will also act as Support & Resistance.
In 60 min (1hour) Right now stock is at Demand Zone and already has reacted to move up, and hasbroke Trend line in 60 min.
For Swing First Target could be 2145 & then Extend till 2440.
ASIAN PAINT LONG - SWING (1 hour candles)This analysis once again is based on simple break and retest of a resistance zone.
we see a strong resistance zone @2000 and once it broke we see it acting as support area and price makes a successful bounce from this area.
Once we see a bullish candle closing above 2050 we can go long.
Entry - 2050
SL - 2015
Target 1 - 2100
Target 2- 2120
Target 3 - 2130
Risk:Reward - 1:2
Date- 17-09-2020, Asian Paint BUY - 2006, SL 1997, Target- 2034Educational Post
Date- 17-09-2020,
Asian Paint
BUY - 2006,
SL 1997,
Target- 2034
Buy Asian Paint Setup - 2.7% gain (September 2020)Buy Asian Paint Setup - 2.7% gain (September 2020)
Asian Paints Bullish Target minimum 7% ReturnBreakout and retesting its Support levels
Looking good Bullish
Can be Bought at CMP
Target minimum 7-8%
Stop loss 1840 levels on Closing basis
ASIAN PAINT : 08 SEP 20 :THE TRIANGLE PATTERN
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