ASIANPAINT trade ideas
Asian Paint Flag BreakoutAsian Paint is Uptrending stock and outperforming nifty 50 index.
Today's price action show power of bulls in asian paint as entire index was falling but asian paint made a breakout.
Asian paint is good buy with 1st target of Rs 3622 based on size of flag.
Traders are requested to do their own analysis and post it in comment section.
asian paints ltdshare name : asian paints ltd
call type : shorting opportunity
- share is forming a downfall range
- 3016 is a good supply zone because we can see
a head and shoulder on daily time frame,
which is acting as a trend reversal
- 2599 is acting as a good demand zone
- we can sell this share around 3016 levels for
2599, if 2599 getting break we can see 2260
levels in upcoming months
- i am creating a imaginary picture for this share
thanks
Asian paints - turning bullish againOne of my favourite stock turning bullish again.
Stock made an inverse head and shoulder chart pattern and gave a breakout from immediate resistance. Next resistance and target of inverse h&s is same, which is 3175. Short term traders can capture this opportunity. You can keep a small stop loss of candle low that decisively breaks the sloping trend line.
Existing investors like me can increase their positions.