ASIANPAINT trade ideas
ASIANPAINTHello Traders,
No Sl just go long for targets as shown on to the chart. have a safe and joyful trade !!
ASIAN PAINTS - Strong support!!.618 Fibonnaci level or 2960 is a crucial support for the stock.
Also, it is respecting the 50 EMA.
Less likely to breach.
Buy Asian paints target 🎯 2500Buy Asian paints target 🎯 2500 because it has recently given major breakout .
Asian Paints Buying OpportunityAsian Paints Buying Opportunity break all time high
We can buy at current level.
asian paint long asian paint might be in mood of reversal that seen in chart
entry will be 3060
sl -3050
target1-3080 -3115
Price ActionTrend lines can be used to trade, if it closes beyond those trend lines trade can be taken respectively
Asian PaintA long position call Asian Paint@ 3025 around
disclaimer; This post only educational purposes only.
Asian paints looking bearish for a whileAsian paints looking bearish for a while
1. RSI negative diversion
2. Double top pattern
3. Rising wedge Flag pattern can breakdown
4. Daily candle showing bearish sign
Long AsianpaintsLooking good for 3150+ .
NSE:ASIANPAINT
Important levels marked on the chart.
Education purpose only.
ASIAN PAINTS LTD. LONG FOR 3 WEEKLong for 3 week
Technical view:
This srock outperform benchmark index and sectoral index from 2 days.
Higher volume bullish candle.
MACD crossing above zero line.
RSI positive
Good relative strength.
Support Super trend signal and uptrend continue.
Possibility of small retracement, bye after small retracement.
Asian paints hourly chart trading near to its 20 ema .trendline resistence breakout . decent bet for tomm intraday
Asianpaint - Elliott wave analysis - ABC correction It completed the impulse sequence at 3180 high and dropped sharply as wave A. The current price action is not very clear, but if it drops below 2954, it is considered to be the part of 3rd of C wave and can go further downside. Unless then, there is a chance of B wave flat correction.
Price ActionTrend lines can be used to trade, if it closes beyond those trend lines trade can be taken respectively
Asianpaint - Elliott wave analysis - ABC correction Asianpaint is in B wave correction followed by A wave fall and will go more downside once it finished. There is a possibility of more sideways price action before it start C wave down.
Asianpaint - Elliott wave analysis - ABC correctionIt completed the impulse 5th wave as discussed in previous update. The drop was more like a wave A impulse, so any three wave bounce will be a short sell trading opportunity for C wave as ABC zigzag down as far as price remains below 3180.
Swing Trade On Asian PaintsI took a swing trade on asian paints.The reasone behind that i saw a "Flag and Pole" Pattern in that.
My Levels:
Buy Above:3000
Sell below:2850
