A long position call Asian Paint@ 3025 around disclaimer; This post only educational purposes only.
I DRAW A SIMPLE TREND LINE IN MY VIEW WILL BUY BEACUSE OLD RESSIANTCE IS SUPPORT ONCE IT CROSSED WITH VOLUME YOU CAN COMMENT OR REPLY HERE
There is a Triangle pattern formation on Asian Paints Hourly Chart and in fact, the prices did close above the triangle resistance trendline today. But there is definitely a BUT in this stock, and you must be thinking what it is? Let me tell you, usually the valid triangle breakout , or you can say breakout that see a great movement is , when the price breaksout...
ASIANPAINT looking bullish above 2950 as on Resistance level If break and sustain will touch 2980 -3020
Setup for 09/02/2021 Disclaimer : For Educational Purpose only
pattern - price channel breakout (flag pattern) timeframe - Daily risk-reward - 1:2
#ASIANPAINT equal leg move at a faster pace while crude has jumped 40% in 2 month.
Buy ASIANPAINT above 2210 for Target 2300 with SL- 2190 !!
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE. PRICE WAS TAKING SUPPORT FROM DAILY 20 EMA BUT FINALLY GAVE A CLOSING BELOW IT. 2150-2155 HAS ACTED AS A MAJOR SUPPORT. INCASE THE STOCKS BREAKS THIS LEVEL, WE MIGHT SEE 2135/2100. INCASE OF UPPER BREAKOUT OF TRIANGLE PATTERN NEARBY RESISTANCE IS ALREADY...
This analysis is purely based on price action. The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days Trade strategy is explained in image itself. Don't run after the price. If it opens gap-up then wait for it come back near support. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into...
If it closes above 2070 then next target is 2217
This analysis is purely based on price action and chart patterns This trade analysis is for intraday/BTST Trade Trade Strategy is given in image itself. *Trade with your own risk and money management* Feel Free to comment down for any query or suggestion.
Buy Asian Paint Setup - 2.7% gain (September 2020)
Stock marked its new lifetime high of ₹2,016.85 last week. Now, the price action is sort of a potential bull-flag pattern and importantly, the monthly chart shows a solid breakout. Coming week, the stock is likely to make higher highs.
Currently near all time high , if able to sustain close above 1834.90 in next few Weeks , can see movement upto 1918++. Short - 2-3 months NSE:ASIANPAINT
Hello, Bearish Deep Crab under formation in ASIANPAINT in Daily time frame. Noted: This chart is only for study and reference purpose only.
Asian Paints heading towards 1673-1615.