ASIANPAINT trade ideas
ASIANPAINT | Dynamic Resistance at 200D EMAThe daily trend of the stock bounced of 200D EMA quite a lot many times to make the dynamic resistance a lot stronger and is expected to maintain above the same resistance and bounce back and go long upon hitting the resistance again. But meanwhile the trend holds a strong resistance against 50D EMA.
Asian Paints - Detailed multi timeframe outlookMonthly -
Weekly
Daily -
Shared above
4 Hourly
Hourly
Gann Numbers for Asian Paints Gann Vibration Numbers
Asian Paints !
Sell in 1792 to 1794 with SL of 1812.1 for 1782, 1772
Buy in 1668 to 1670 with SL of 1657.9 for 1682, 1694
Cmp : 1743 on Dec 14 !
www.harmonicstraders.com
Asian PaintsOne can go short in this counter as today on daily chart it has given close below the rising wedge and also giving divergences on MFI,RSI and MACD
Asian Paints - Nov expiry - Retrace shortWeekly chart shows long term upchannel
Current price action shows upchannel being broken violently
Price is stalling at the top
Also moving along the top Bollinger, actually defining it
High chance of retrace back to top of channel or middle Bollinger in Nov
Move that can be captured 1794 to 1680
