Perfect entry for Asian Paints Asian Paints at perfect entry -
Channel Support
RSI Divergence at lower time frame
MA 50 Support
ASIANPAINT trade ideas
asian paints ready for reversalasian paints at longterm weekly trendline support and horizontal support
cmp 2981 sl 2885 target 3101 and 3224
ASIANPAINT POSSIBLE U-TURN Asian paints can give a good up move with a decent stoploss and can become a good swing or positional trade with good targets
ENTRY - 2830
STOPLOSS - 2800
TARGETS - 2880, 2940, 3000++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
Asian Paints: A Bullish Outlook
Asian Paints has displayed a notable pattern on its weekly chart, characterized by a pole and flag formation. Although the price broke below the flag pattern, it failed to sustain significant follow-up selling pressure. Presently, the stock is traversing within the golden reversal zone (Fibonacci Retracement 113% - 127%), indicating a potential liquidity sweep orchestrated by smart money investors.
Moreover, the price action aligns with the completion of an ABC correction pattern within the Elliott Wave structure. This suggests a probable uptrend, targeting a 20% - 22% upside trajectory. A plausible support level lies around 2800, while prudent traders should establish stop-loss orders at 2685, with investors setting theirs at 2500.
Asian Paints boasts strong fundamentals, despite recent market turbulence triggered by news of new entrants in its business segment. While this may introduce heightened competition, it also signifies a burgeoning market landscape in India and other developing nations. Furthermore, Asian Paints is diversifying its offerings into segments like bathroom fittings, interiors, and furniture, indicating a strategic expansion beyond its traditional domain.
In light of these factors, I maintain a fundamentally positive stance on Asian Paints. Hence, I advocate a "BUY" recommendation, anticipating a 20% - 22% upside potential from current levels, with a tight stop-loss set at 3%.
#ASIAN PAINTSGood to go long in Asian paints - looks like turnaround.
Taken support at long standing demand zone.
Upside move possible till highlighted supply zone.
Disclaimer : I am not a registered SEBI analyst or researcher. These ideas are only for education. I am not responsible for anyone's losses or gains.
Asian Paints, downtrend exhausted, expect quite reversal Asian Paints showing trend reversal, expecting targets of 3100, 3120,3160, 3200.
ASIAN PAINTS LONG TERM BUY Asian paints Buy - Market take Trendline support for Weekly and monthly time frame .
Good Trend Reversel . Go Bullish
Entry - 3000 Rs
Target - 3400 Rs
Exit - 2900 Weekly candle close For below ..
ASIANPAINTS 2796/2793 Levels can be Good Intraday Support Zone ,ASIANPAINTS 2796/2793 Levels can be Good Intraday Support Zone , wait for the levels
i will only buy if goes below 2698/2695 in Asianpaint intraday
ASIANPAINT on verge of serious breakdownNSE:ASIANPAINT has broken down from a triangular consolidation and seem to have taken support at 200 week MA. Last time the stock touched 200 WMA was in 2009 (yes, a good long 15 years back).
If 200 WMA holds then it would save the stock but if it breaks then we might see up to 30% downside from current levels as per TA targets for the triangle and these are conservative targets.
Keep an eye this week to check what happens at the end of the week.
Asian paints elliot waveIt will go down in an impulsive 5 waves to complete wave c of abc correction.And then start to go up for another impulsive move.
Asian Paints LTDAsian Paints LTD Monthly chart forming Ascending Triangle Pattern break trendline be careful it will go down & touch 2749.65 might be & it will 1Target
Long view in Asian paints in weekly patternAsian paints in weekly pattern formed a good pattern of triable price action.
A good support and resistance and price is at bottom.
long stock looks like about to revers after forming base on supp level and also getting supp from weekly trend line clearly. one can go long here as per there risk capacity. its not any buy sell recommendation.
Asian Paints Asian Paints Currently on Support....
Note:- before taking any action please Consult your financial manager....This Not any type recommendations
Asian PaintBeautiful chart after a fall some consolidation are visible. Good for swing trading SL will be small and I already mentioned a target. Proper Swing Trade.
Found Wedge Formation In Asian Paints Point To Remember
-200 DMA Support.
-Price is at low of Wedge Formation.
Everything is pretty much explained in the picture itself.
Feel free to DM me personally for any particular stock analysis.
Thank you So Much.
Asian paints ready to flyChart is self explanatory. Please follow the price action & take the trade as per your appetite.
The information provided here is only for educational purpose. The information provided here is not intended to be any kind of financial advice, investment advice, and trading advice. Investment in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI registered analyst, so before taking any decision or before investing in any Share consult your financial advisor and also do your analysis and research.
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Asian paints LongAsian paints Long. Looks like it has bottomed out near 2707. That is a very good support area for long term. If it breaks below that then it will be bearish for a while. Lets see how it goes from now.
Asianpaints in DayIn my point of view, selling opportunity may occur just after a pullback in Day time frame.
Asian panits bearish PE2100Asian paints showing weakens
Option trader take PE call in ACC to HH and LL strategy and Target PE2100
For more chart analysis comment me in this post
ASIANPAINTS Analysis??ASIANPAINTS::
This stock is trading in a channel
price is now at trendline,
previously multiple times taken the support from trendline...
keep in long side as long as price is above the trendline...
A strong demand Zone is observed at 2800 levels.
now price is in consolidation to bullishness is observed...chance of reversal from topside to test this demand zone again.
look for long opportunities in this stock.
