ASIANPAINT trade ideas
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
Asian Paints stock price at good support zone?NSE:ASIANPAINT
Disclaimer:
This is just an analysis of Asian Paints stock from dividend yield point of view and technical price indicators point of view. Information provided here is only for educational purpose and in no way constitutes as an investment, trading, or financial advice. Please do your own research or consult your financial advisor before taking any investment or trading decision.
Dividend Point of View:
Company has regularly paid dividend in last 22 years.
Average dividend pay-out ratio in last 10 years is about 45%.
EPS of the company is steadily increasing.
The last dividend paid by company was for Rs.19.15 per share which translates to a dividend yield of 0.7% at today’s closing price of Rs.2726
Technical Point of View:
Historically, price has stayed mostly above EMA200 on weekly basis and EMA50 on monthly basis.
At present, price is less than 10% up from EMA200 (Rs.2541) and EMA50 (Rs.2483) on weekly and monthly basis respectively.
It is facing resistance just below 3600 levels on upside.
At today’s closing price of Rs.2726 and considering EMA200 and EMA50 as support and 3600 levels as resistance there is an upside possibility of about 32% with a downside risk of about 10% .
What can go wrong?
No one has control over the price of share. So, the price can go up as well as can go down. Based on EMA support zone, there is a downside risk possibility of about 10% though not limited to just 10%. Downside risk is calculated based on today’s closing price of Rs.2726 with EMA50 on monthly basis at Rs.2483 and EMA200 on weekly basis at Rs.2541. Thus, downside risk will vary based on entry price and exit price level.
ASIANPAINT- Positional Short tradeAsian paint shows a bearish trendline and takes support from its support level. and a high chance to break that level and give a good risk-reward ratio.
Entry Level:- Below @2770
Stop Loss:- Above @2840
Target:- 1:1 or 1:2
AP Demand ZoneASIANPAINTS Demand zone has marked in monthly timeframe weekly timeframe and day time frame. Lets see how the candles are moving .
asian paints bullish divergencehidden bullish div on both macd and rsi.
we are maintaining the sideways channel.
SL is 9% with 21% channel top target.
should go long
ASIANPAINT Buy for intraday tradingASIAN PAINT Buy for intraday trading if the stock breaks the given resistance level..........
