ASIANPAINT trade ideas
ASIANPAINTHi guys,
In this chart i Found a Demand Zone in ASIANPAINT CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Asian paint green run is coming on charts Asian paint struggle past several year to give positive return but now time has came to give return on that share
Technical point - Multiple Time frame analysis
1- Strong multi time frame support at 2600 & 2550
2 - Flag pattern breakout on H4 time frame
3 - Rounding bottom reversal on daily time frame
4 - After may month last 4 year give only positive return seen on charts
5 - Last year in may 3000 to 3560 run came same chart and same think happen this time also
6 - Near supply zone
7 -That time he reached 52 week high and break his life time high of 3582 and given 4400 TRG
First TRG - 3400
Second TRG - 3600
Third TRG - 4000
Final Trg - 4400
SL 2520
that delivery only for the long term
ASIAN PAINTS LTD S/R for 11/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
Asian Paint: Investment Opprtunity Asian Paint's stock price has been stagnant over the last 2-3 years, indicating it is not currently on the radar of investors and traders. On the monthly time frame, it is forming a rectangle or Darvas box pattern. However, if we look at the company's revenue and earnings figures, they are steadily rising. More importantly, its total assets and gross income are also increasing. This suggests that the company, already a market leader, has been steadily increasing its production capacity. Therefore, when industry demand turns, the market leader is likely to benefit the most.
ASIAN PAINTS UPMOVE?Asian paints can give a good up move with a decent stoploss and good Targets as it is trying to break several months range in daily time frame. And so we can get a good swing to positional trade opportunity.
ENTRY -2925-2930
STOPLOSS - 2905
TARGETS - 2995, 3030, 3100++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
Asian Paints - Ready to give a big upmoveThis stock trades with good volumes on the bourses in the higher time frames.
Similarly, it is in the oversold zones of oscillators in higher time frames.
The 52W H/L being INR 3,568 / 2,694
It is consistently making Higher Highs and Higher Lows
It is standing right at the support level of INR 2925 and we expect it to bounce back from this support to make a new lifetime high.
If it fails to support INR 2925, it will enter its demand zone at INR 2700 wherefrom it will bounce back to reach almost its lifetime high
Resultantly, I believe that the target price should be INR 3760-3800
Stop Loss should be INR 2560
Risk to Reward will be 1:6
The time horizon should be 9-12 months
Asian Paints Intraday and Swing for 06.05.2024-Bullish
As per the reference analysis on 29th April for intraday, we got good trades(Attached link for the previous analysis). In continuation to this, we got very good structure formation towards bullish movement.
Weekly and Day TF is at Strong support area
15 Min TF
• Price is in upward trend
• Price is reacting as per previous breakout.
• Resistances are converting to support which is good sign on bullish hold.
• Wait for more consolidation. More consolidation and upside breakout then more chance and quantity can be increased
• Fibonacci retracement has taken strong support at 0.618 Level which is very good sign trend continuation. Also volumes has decreased during retracement
Strong Buy: Above 2951. Target upto 2990. Swing traders can hold for more profits
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required on this particular idea.
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ASIAN PAINTS RBTSASIAN PAINTS has given a buy signal according to range bound trading strategy. The lower limit of the range is 2707.05 and the upper limit of the range is 3500. The stock has covered the range three times in the past. Although the March 2024 quarterly results are not as good as the previous quarter but with increasing demand of residential projects in Bharat(which can be tracked by the news articles), the demand of paint is also bound to increase and this will surely enhance the turnover and profitability of the largest paint maker in Bharat.
Please do your own analysis before investing.
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