AsianPaint, 200 DMAPrice given support at long-held level, there is a strong resistance waiting at 1160 where 100 and 200 DMAs are converging. Above this decisive level 1209 is possible. AP is a market leader.
ASIANPAINT trade ideas
AsianPaints, LongPrice is holding at (today bulls managed to keep the nose above the support line) the crucial and deciding line for a sustained move either of the sides. So if price holds below this line on day's closing basis, bears will cheer up.
AsianPaintsPrice at crucial level. This level decided several times earlier for deft movements in both directions. Same can be repeated now as well.
Asian paint - A value pick. In watchlist to buy around 1050Asian paint - A value pick. In watchlist to buy around 1050
Buy AsianpaintReason: Asianpaint trading in triangle of 50 point height. Breakout point at 1158
At/Between: 1160-50
Stop: 1138
T1: 1185
T2: 1210
ASIANPAINTS look for break of this correction to downside.Hi Guys, Those who trade it can look for break to downside if it broke that corrective structure then more up or more down.
Asian Paint Long for Day and swing tradeThe stock has reached its 61.80% Feb level of original start of the trend , now its facing some pull back but surely on Major up trend
You can view the buying area in combination with Volume confirming the institutional are again accumulating the stock , it means that Now big players are accumulating for next higher move
One can Look for buying for holding stock for swing trade
For day trader it is not advised to go through the high whipsaws they can buy above 1105 and look for target of 1124 for day trading with stop of 1100
and for swing trader they can accumulate Near 1068/1065 with stop of 1020 for target of 1241
This information is only for educational not to be considered as suggestion , all your decision must be made according to your own technical analysis
Regards
AsianPaint hits parrallel channel resis. AsianPaint hits parrallel channel resis. Ideally drop to 200dma but cd still push into the equal time/price zone
LONG Asian Paint Breaking out to FRESH HIGHSAfter a consolidating for a while in a rectangular range, Today the price action breaks above the previous highs or resistance and now expect to make a fresh high close. It indicates strength from buyers side and confirmation of upward move.
Asian Paints: Beautiful Action-Reaction LinesPlotted is the nice set of action-reaction lines. Note how price respects the 50% level. Price headed to upper line at 1300-ish.
Asian Paints - Painting in Red, Breakout from previous SupportThe price action has just breaks below the previous support levels of 1100 and now it is heading towards the 1085, 1075 levels. Good time to short with stoploss 1126.
Target 1085, 1075
Stoploss: 1126
SELL ASIANPAINTS RISK OF RS.20, CMP 1040 TARGETS 1105SELL ASIANPAINTS RISK OF RS.20, CMP 1040 TARGETS 1105/ BELOW 1105 LEVEL WILL TAKE ANOTHER 30 POINTS DOWN UPSIDE ONLY ABOVE 1055
Asian Paint, ABCD PatternAsian Paints, Weekly Chart. ABCD Pattern completed, PRZ @ 1150/1200 Area. Strong Support @ 888 & 725
Asian Paints : Bullish Flag - Breakout Ready !Hi Guys,
We are expecting upward breakout from the bullish flag pattern in asian paints and if we get the breakout we can initiate long positions after checking out our risk:reward.
Thanks for your support...
Happy Trading !
Asian Paint Bullish Bat in the making! Two scenarios
Firstly, I feel there will be test at 950 level, setting up for a bullish bat pattern, this seems appropriate given the retracement both from point A to C and also B to C leg close to .618 level. But this will be more conservative wait and watch before entering a trade.
Secondly, in the ABCD pattern there is a perfect retracement at .618 level, with the extension expected to test 1070 level on the upside.
