Asian 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
Looking good for 3150+ . NSE:ASIANPAINT Important levels marked on the chart. Education purpose only.
Perfect breakout and retest setup. Fits perfect on fibonacci levels.
Breakout from pitchfork and parallel channel. A retest of the channel or upper inner pitchfork line will be the perfect entry point.
POSITIONAL LONG VIEW IN #ASIANPAINT CMP SPOT - 3016 BO RE - TEST LEVELS 3016 - 3000 ACCUMULATION ZONE BUY ASIANPAINT RANGE 3016 - 3000 STOP LOSS 2960 ON CLBS TARGET - 3100 3200 3300 3400 +++
From this point you have both opportunities, wait for the next 3/4 candles of 5min timeframe and decide the trade opportunity...
Long opportunity on Asian Paints as it is on the verge of breaking the descending triangle and the Stock is on an upward trajectory on the longer time frame
POSITIONAL TRADE* SOLD ASIANPAINTS @3001 STOP @3014 TARGET 26+ PTS OR MORE
Evening star at the top & negative diversion in RSI it may retrace from all time high to take major support as shown in chart 1: 4.5 RR could be possible.
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 clear break out and price have tremendous potential for upside movement. 1st target can be seen on the chart. Trade Wisely And Smartly
100Rs opportunity which ever side it breaks (Target is purely nased on PA - width of the pattern As usual - take entry only on strong closing basis on either side SL can be below/above pattern for long/short sides
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...
A SELL NEAR 2826 WITH STOP LOSS ABOVE 2880 FOR TGT 1 : 2709 TGT 2 : 2622 TGT 3 :2554. Try to book on a risk reward of 1:2 and don't wait for the exact targets as market is very uncertain. This post is for educational purpose only. Disclaimer post: We are not sebi registered analyst, plz do your own analysis before investing. we are not responsible for any of your losses
BUY ASIAN PAINTS.. NICE FLAG AND POLE PATTERN NEAR ALL TIME HIGH TARGET AND SL GIVEN.. ENTRY ABOVE PATTERN BREAKOUT ONLY 2840 (15 MIN CANDLE CLOSING BASIS ONLY)
THIS IS FOR EDUCATIONAL PURPOSES ONLY
asian paints expected move, right now stock is in consolidation range by making triangle pattern, one can go long after the trend line break out or triangle pattern break out , we can expect price will touch all time high in upcoming days