Asian Paint Analysis for 2nd sept 2020So it's very interesting to see this chart further now. If market opens flat and move sideways on current level then are high chances of huge Breakout .
But if it shows some negative sentiments at opening then there is probability of sharp fall.
Let the market open and take position accordingly.
ASIANPAINT trade ideas
ASIAN PAINTSA breakout with good volume from a symmetric triangle and also from a rising wedge. Breakout from the rising wedge from the bottom of the wedge in one candle is a positive sign but a small pull back is expected which is where one can accumulate. I suspect it to correct to near 1760.
I also a expect a Golden Crossover soon which will help this stock run upside.
Asian paintsHello!! Asian paints is quite a good and famous name in the paint sector in India and it is quite bullish for the long term and for now I think target could be 1860 if it broke the resistance and then that resistance is quite strong can take reverse from there or maybe breaks and sustain above it so trade only after confirmation. and if somehow it took reversal from here then lower levels can be seen. #MY_VIEW #LEARNER
Asian Paints break outAsian paints has already crossed triangle pattern breakout but wait for it to retrace to 1791 and then buy... if it crosses 1818 then retrace will not happen so buy above it and it will fly more than pre covid levels... Asian paints is the best stock to hold for 2 or 3 months... even if you had loss just hold it atleast a year
Asian paints Hello!! Asian paints a very famous company in India is in an uptrend now but since it just broke out today and given a really big move, therefore, I'm thinking that it will now retrace a bit maybe 50-80 pt.s if it didn't break the resistance that hard red line. let's see what will happen in the next market day. #learner #my_view