Asian Paints LTD Monthly chart forming Ascending Triangle Pattern break trendline be careful it will go down & touch 2749.65 might be & it will 1Target
ASIANPAINTS::
This stock is trading in a channel
price is now at trendline,
previously multiple times taken the support from trendline...
keep in long side as long as price is above the trendline...
A strong demand Zone is observed at 2800 levels.
now price is in consolidation to bullishness is observed...chance of reversal from topside to test this demand zone...
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure...
Asian paints taking the support from 3160 levels...
now the price is ready to breakout from the trendline...keep on bearish side until price breaks the trendline.
on break of trendline and retest will be on bullish side.
we have resistance at 3360 levels...
Observations::
Trending upwards... facing resistance in the zone, 3120 if failed to break this level and falls below ,
trendline and 3080 level will go for selling up to 2960 and 2920 levels.
If price take the help of 3080 level and break 3120 level we go buying target of 3200 levels.
Asian paint looking good to sell as it breaches its last support in the Friday trading session. All other aspects of the trading mark are on the chart. kindly go through it.
share name : asian paints ltd
call type : shorting opportunity
- share is forming a downfall range
- 3016 is a good supply zone because we can see
a head and shoulder on daily time frame,
which is acting as a trend reversal
- 2599 is acting as a good demand zone
- we can sell this share around 3016 levels for
2599, if 2599 getting break we...
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
DATE: 29.4.21
INSTRUMENT: ASIANPAINT
TIMEFRAME: DAY
TREND: SHORT
TYPE: SWING
CMP: 2613.45
SELL BELOW: 2595
SL: 2650
TGT 01: 2572
TGT 02: 2523
TGT 03: 2475
RISK DISCLOSURE:
We are not S E B I registered analysts. please consult your, personal financial advisor, before. investing. We are not responsible for your profits/losses whatsoever.
#ASIANPAINT after deceleration of YoY result on 24th June stock is opening and closing over the 100EMA and taking the support.
Today 8th July stock created the Black Marubozu and Bearish Engulfing candle that show weakness in stock but again it closed above 100EMA support.
Showing Bearish in all Technical Parameter:
Black Marubozu
Bearish Engulfing
CCI...
Asian Paints has recently given 52 Week High with strong Breakout. It confirms the strong Uptrend.On Monday expecting a Small correction in stock which i can assume buy opportunity near 1265-1270. My TGT Will Be 1380 for upcoming Week and 1500 for upcoming Month with the Stoploss of 1200
