ASIANPAINT trade ideas
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
Asian Paints Bearish DivergenceAsian Paints is showing bearish divergence on RSI,MFI and MACD and also its breaking down from flag pattern, my observation is one can short with a stop of 1820 on closing basis , there can be a sharp down side for Asian Paints from current levels
ASIAN PAINTS outlook for 31.10.2019ASIAN PAINTS above 1825 can FLY
Intraday target can be 1875-1915
1-2 week target can be 2150-2200
Asianpaints - Support BrokeSupport Levels: 1761, 1742, 1735, 1727, 1717
Resistance Levels: 1781, 1799, 1820
Trendline Support Levels: 1757
Trendline Resistance Levels: NA
Asian Paints - Flag and Pole Break outAsian Paints has given a Flag and Pole Break Out... Looks Good... Stop Loss 1801....
