Asian Paints looks to be in TrendAs the Crude oil Spiked upto almost 12% from it's recent lows now we can trade in Asian based on Crude oil Retracement
Looks like Good to go for a target of 2950 atleast from here
Trend also shows that
ASIANPAINT trade ideas
price should come deep inside the zone, as nifty,spy is bearishprice should come deep inside the zone, as nifty,spy is bearish
AsIf price comes at entry level 1 then take 60% quantity and balance 40% take from entry 2.
Trade at your own risk.
ASIAN PAINTS CHARTTHE IDEA WILL BE ONLY FOR STUDY PURPOSE .
wait for the breakout till then keep your eye on the stock .
#ASIANPAINT Bullish Divergence!!!#Asianpaint:- There is bullish divergence between price & it's RSI. Price perfecttly following the upward trendline and again taken support at trendline & Moving toward upside. The price respected the support level and persisted itself at the support level . The market is pulling back after testing the resistance and impulse move. I expect growth from the support level. Above 2810 my target will be 2965-- 3020--3230.
ASIANPAINT : retest of support zoneASIANPAINT is trading in zone since few days, it may retest support zone in coming day.
Invalid if it broke resistance
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L".
Monday Setup for intraday Asian Paint
asian paint for long if 2853 to 2860 some time stay and after that break the leval first target is 2900 and second is 2920 and 10 ema cross 20 ema if market mood is postive
Asian paints looks good for swingAsian paints is recently in downtrend.
It is trying to hold its level at current price.
One can buy it for swing purpose
Asian Paint going to down asian paint going to down 2700 level is important level if stay some time heavy call writter is active above 2700 and put writter less than so very good move if one bearish big candle and also make inside candle NSE:ASIANPAINT
Trendline Breakdown in Asian Paints Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Asian paints in an way of head and shoulder breakout Asian paints was in a way of its bullish head and shoulder breakout also with full support of RSI ..
Buy it at 2856
Target 2918 2964 3027
Sl 2730
Bullish on ASIANPAINTwe have a support candle and a confirmation candle on the day chart. It's also forming a double bottom pattern, which is a que to enter. Buy above 2834.50
asian paint chart #trading #banknifty #trader #investing asian paints asian paints asian paints asian paints asian paints asian paints asian paints
