Asian Paints already reversed from its trend!Asian Paint is following nifty in terms of RSI, a bearish divergence has been seen. Current PE ratio of Asian Paints is high as per industry PE ratio. Also 3 bar reversal pattern can be seen in monthly chart, indicating a long term downfall in Asian paints.Shortby abu_huraira1
ASIANPAINT Closes above SupportBuy above today's high i.e 27 Nov 2018 Targeting next Resistance.Longby robin_bajaj_71
ASIAN PAINT reached its channel bottomif it sustains above the channels support line,then it will go upto it channel topLongby eswaranudtUpdated 2
ASIANPAINT - Local Bearish DivergencePremise: 1. A retrace to the OTE will occur 2. The bullish divergence will fully play out, bringing the price to the OTE 3. This retrace upwards will be in more than 5 candles 4. A bearish divergence will thus appear Execution: 1. 1:2:3 Short scale inside 1237-1240 2. Stop at 1286 3. Target is a long term support region at 1043 (zoom out :) ) Result: 1. A 6.26:1 RR trade is executedShortby hiteshbhatia3559Updated 224
AsianPaint | More Paints remaining for BullsExpecting AsianPaint to achieve targets of 1.618% of Fibo Levels. However, more volatility is expected as result is around the corner.Longby TradersHunt3
Asian Paints: Short Set upWill it come down after such a hefty move today. Do commentShortby KapilChaturvedi1
AsianPaints, BreakoutTarget given has been achieved. One may like to book profit. Longby ParimalDevnath2
AsianPaints, ResistancePrice at resistance point which is 1340-43. Go long with a stop loss of 6-7 points-- SL at 1334 if price goes above 1341. Target is 1359. Rationales: Consumption theme (in strong bullish phase). AP is a market leader. A breakout stock. Goo risk reward ratio.Longby ParimalDevnath1
Buy Asian PaintsBuying opportunity in Asian Paints once consolidation ends. Enter at the support level with stop loss few points below the support line.Longby ScooorpionnnUpdated 1
AsianPaints, Resistance AP at crucial resistance of 1340-- highest Call OI. It is also a Triple Top pattern. Crossing this will give a big breakout. Price took support at 50 DMA. Unable to take out the level of 1340 decisively, will correct and consolidate for sometime. Consumption theme. Covering this market leader since the bottom was formed. It is a buy on correction. Longby ParimalDevnath1
Asian Paint is retesting Break out level Asian Paint is retesting Break out level formed after shallow retracement / consolidation around 38.2% Fibo level Longby sanstocktrader3
AsianPaints, ConsolidationWe can take guidance from positioning of the 50 and 100 in relation to 200 DMA. It means that so long as 50 and 100 DMAs are crossing 200 DMA on the upside, we can go long on dips. Longby ParimalDevnath1
AsianPaints, ConsolidationAfter a big vertical lift consolidation is normal. Expect a big rise again once the consolidation is done. This may take some time. New highs are coming. AP is a market leader and falls in the consumption segment of industry which is doing quite well. Longby ParimalDevnath1
ASIANPAINT SHORT TRADE SETUP FOR SHORT TERM - BASED ON SZFOR EDUCATIONAL PURPOSES. SUPPLY Zone forming in LTF 15 Mins - Risky trade with SMALL SL.Shortby MariaSundarapandianUpdated 1
Asian Paints- Breaks 52 Week HighAsian Paints has recently given 52 Week High with strong Breakout. It confirms the strong Uptrend.On Monday expecting a Small correction in stock which i can assume buy opportunity near 1265-1270. My TGT Will Be 1380 for upcoming Week and 1500 for upcoming Month with the Stoploss of 1200Longby NileshChavan1
Asianpaints, SupportI posted this chart twice, on 19th March and also on 7th April stating that a strong base (support) is being created for a long time-- almost a year. If the same is respected, price may see good upside. And the same is in place. Now what? Now we should watch the levels of 1240 and 1260, if these are held (some profit booking may happen below 1300), price may move towards 1340-50 and also above in near future. Longby ParimalDevnath0
AsianPaints, S&RSupport and Resistance plays often quite well. A long-held well justified support is holding the price from falling bellow. Trend is up. But big upside is restricted may be due to volatile political and market conditions. Possible resistance zone is marked and acting well for the short to medium term. Wait for the price to come back to support line. Longby ParimalDevnath0
AsianPaintsBack to square one! Price could not digest the upward momentum. So it has come back to the long-held support. Technical inputs say that strong support lies at 1062. Price may consolidate between 1062 to 1111 for some days. by ParimalDevnath0