Buying view Asian paints has create a new breakout and yet again it is going to breach its prvs breakout level stay tuned for more
ASIANPAINT trade ideas
ASIANPAINTS--Near Its Trendline??Observations::
The stock is trending upwards...
price is taken the support from previous resistance in the zone 3250 and moved up...
now price is near to the trendline...if price breaks this will again test this zone...
If this zone failed to take the price again up...and trendline acts as resistance...will observe a strong fall.
keep track these levels...3250 and 3175-3150 range and final support @3075-3050 range.
Asian Paints viewsAs disclosed in the chart drawing, I will be keen in observing the probable support zone on daily time frame.
Asian paint chart breakoutlooks like asian paint chart has just given breakout and 3400 looks like cake walk for stock.
ASIANPAINT- LONG - EDUCATION PURPOSEASIANPAINT- LONG - EDUCATION PURPOSE
#ASIANPAINT
Its forming base with cup pattern.
If it consolidate more at higher level we may get big breakout above 3150
Asian Paints touched swing high
Asian Paints touched swing high a few days ago. We should be able to make 3-4% on the downside in next one week
ASIAN PAINTS Make Cup and handle pattern in 4 hour time fram , price is at 52 week high 50 EMA cross 100 EMA from below that's bullish Sign so first Target will be 3534.80 and Stop loss will be 3031.80
This is for educational purpose not a trading advice so that's my view comment down your view 🤗
ASIAN PAINTS (D)- BREAKOUT STOCK- Price formed a Cup and Handle Pattern at 3130 level
- Breakout of C&H, following with pullback dry volume candles
#ASIANPAINTS #NIFTY50
Inverse head and shoulder pattern Breakout in Asian paint.Asian paint has given pattern on daily chart.
We can expect a big moves in Asian paint. One should hold Asian paint for a short term.
Falling Knife- Consolidation Series - Asian PaintsThis stock has fallen from the high of 3500 level to almost 2800 level & that is 20% fall in almost 6-7 months. Its trading in the range for last 2-3 months & it'll be interesting to see whether it breaks itself free for its old glory.
Check your own chart, this is only for educational purpose & Not a buy recommendation.
ASIANPAINT--3160 or 2920 Observations::
Trending upwards... facing resistance in the zone, 3120 if failed to break this level and falls below ,
trendline and 3080 level will go for selling up to 2960 and 2920 levels.
If price take the help of 3080 level and break 3120 level we go buying target of 3200 levels.
ASIANPAINT--Demand zone@3050 ??Observations::
---------->> The stock is trending upwards in daily time frame.
---------->> now facing resistance in the zone @3160 level, which is a previous resistance.
----------->> we have a demand zone placed @3050 level, which will act as a support again. Keep watch this level, if failed to act as support sell for the downside demand zone placed @ 2970 level.
----------->> Buy at 3050 level for the target of 3160 and 3240 levels. Keep your stop loss below the 3020 level.
the previous support @3050 again acts as a support.
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In 15 min time frame the stock is coming to the downside with consolidation from resistance, which is clearly a sign of bullishness from demand zone.
ASIANPAINT short We are expecting that the price will continue going higher towards resistance.
Speculative short position set up:
entry: 3605.05
target:2880.45
stop loss: 3729.65
Book profit in sAian Paints
Its time to book profit in Asian Paints, it should consolidate or go down from here for a couple of weeks
ASIANPAINTS- Support becomes Resistance??Observations:
------->> Asianpaints is trending upwards strongly.
-------->> Previous Support at 3020-3030 level , If this level acts as resistance price may fall.
-------->> careful at this level before going long from here.
-------->> Recently price breaks an untested supply zone at 2950-2955 range, if this level acts as support and price breaks 3020-3030 range, price will reach next Resistance @3100-3145 range.
ASIANPAINT NEAR DOUBLE BOTTOM BREAKOUTThe price taken support near the upward trendline and formed double bottom structure on daily timeframe & now trading near the breakout level if price breakout the level of 2825 and sustain above it than we can see a sharp momentum in the price towards the upside level . The level of 2740 --2700 is an important support level for the price. The RSI also taken support @ 40 level , which showing good momentum in the price for the upside levels.The upper targets will be 2900/2950/3033 towards the upside. Good opportunity to buy stocks for investment point of view.
ASIANPAINTS FALLING WEDGE BREAKOUT#SwingTrade - #AsianPaints (1 HR)📈
👉#Asianpaints
Buy 2750-2775
SL - 2700 (1 HR CLB)
TGT - 2905/3000+
📌Logic📈
👉Trendline Support
👉Falling Wedge Pattern Support
👉Falling Wedge Breakout + W Pattern Breakout
ASIANPAINTS- Demand Zone @2840The ASIANPAINTS has been trending upwards,
but now it is at previous resistance level @2900 now ,if it shows some bearish pressure this time will at least gives pullback,
observed a demand zone at 2840 level.
GO long here for target of untested Supply zone @2960
Asian Paints a long term investment idea and a portfolio stockAsian Paint company is well known as Paint company. Company became corporate force and India’s leading paint company. Company manufactures a wide rang of paints for decorative and industrial use and also offers wall coverings, water proofing, adhesives and other related services. Company also manufactures home improvement bath and kitchen products. CMP of the stock is 2882.10.
On the back of low crude prices, the stock seems to be poised for a rally. Negatives of the company are high valuation (P.E. = 74.3) and MFs are decreasing stake. Positives of the company are No debt, improving net profit and company trying to decrease it’s pledging. The company is a portfolio stock and a long term investment idea.
X/2 Entry in Asian paints can be taken after closing above 2885. Final entry in the stock can be taken after closing above 2975. The targets for the stock will be 3028 and 3152. Long term targets for the stock will be 3242 and 3300+. Stop Loss in the stock can be kept at a weekly closing below 2693.
Asianpaints weekly view 24th to 28th April 2023 View Asian Paints Tripple bottom formation
Buy Above 2882 Sl 2865, Targets 2924, 2954,2985,3012,3163
Short Below 2848 SL 2885 Target 2813,2760,2753
Asian paints daily swing Asian paints is on the upswing. I have drawn the trend lines. It should touch the upper line..
