Asian paints daily has Bat Formation. Bat prz zone is at 1860 levels which is near with gap resistance at 1840, hence this provides us with supply zone of 1860-1840. Stop loss can be place at 1900 levels with a target of 1700 levels. Entry of trade can be planned on lower time frame in the zone of 1840-1860. PLEASE DO NOT FOLLOW BLINDLY, DO YOUR OWN RESEARCH.
as per chart
Friends, please support this idea with LIKE if you find it useful. I'm seeing a buy opportunity here. Use the pullback to get in. Reason: - Seen a huge demand at market opening; Market gapped up. - Sellers tried to push the price down. They couldn't breach the yesterday's low; followed by strong rejection candle means a demand pool is there. - Making higher...
Friends, please support this idea with LIKE if you find it useful. Even though its main trend is positive. Looks like price is going to retest the previous demand zone before it rides back to the upside. So you may get a sell opportunity here. Use the pullback to get in. Reasons: - Made a double top. - The price is trading near a resistance area. . - Nifty is...
ASIANPAINTS - GO SHORT @ CMP WITH A SL OF 1690 AMD A TARGET OF 1325. TARGET SHOULD BE ACHIEVED BY APRIL 30, 2020
in last 3 month Asian paints down by 13.16% and nifty down by 33.88%
view is downtrend till as shown on chart. education purpose only.
Price seems too high and the channel obeys it, As the price reached the above line it may go a little high above or equal to 1927. It opened gap up today and made a high of 1915. I am expecting it will come down to 1530 in the next quarter. Drop in the oil prices will benefit the paint sector. Key Raw material imports (Titanium dioxide) from China may affect...
ASIANPAINT - Will we see a 30% fall in next 2 months?
ASIANPAINT(Asian Paints Ltd) BUY ABOVE 1836
ASIANPAINT (Asian Paints Ltd) SELL BELOW 1810
As per pattern trend go for short.......
If there is a pattern structure like this it is a valid trade refer chart for details