www.tradingview.com SELL BELOW : 2370 STOP LOSE : 2529.05 TARGET : 2106.95
Asian paint is forming Bullish RSI Divergence on hourly chart in oversold zone. A bounce from 2430-2440 levels possible. Wait for an entry. Targets and stop loss on chart.
Change in trend taking place in #ASIANPAINT
Asian finally reacted. FInally on 3.618 FIB Today a wedge breakdown also happened with evening star pattern. FOllowup selling will realy confirm is this is major reversal or just one red marubozu daily candle and starts going up again
I'm not an expert I'm just sharing my views on ASIANPAINTS for next trading day I'm not responsible for any profit or loss this is not a recommendation
forcast for 2021 of asian paints cycle
#ASIANPAINT equal leg move at a faster pace while crude has jumped 40% in 2 month.
This analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days Trade strategy is explained in image itself. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. Trade at your own risk and money...
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 and Chart Patterns. The analysis is on 30min TF hence target can be achieved within couple of days Trade logic and strategy is explained in image itself. Don't run after the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. Trade at your own risk and money...
If it closes above 2070 then next target is 2217
VSA Study for NSE:ASIANPAINT Stock has got good consolidation after the previous Volume based Breakout with WRC. Today it has given the breakout again from current consolidation area. Horizontal consolidation are consider to be good setup, for the reasons please explore some good books on price action. If this breakout survive then it can give a good...
things I have learnt 1. Paper trading is different than real trading 2. discipline and risk management is the only key 3. find the convenient setup according to you and work hell out of it. CONNECT WITH ME THROUGH THE LINK IN PRICING TO JOIN THIS LONELY JOURNEY OF STOCK TRADING AND YET PROFITABLE LIKE HELL
Trade based on 1. Trend line 2. Fibo 3. RSI