ASIANPAINT trade ideas
Asian Paints - Breaking outAsian Paints breaking out at 1780 levels from box.
Resistance is around 1840 levels.
It usually has long bars. Difficult to trade.
So as usual traders can become investors. if it goes in wrong way.
But it is a very good stock.
So being an investor is also very good.
ASAIN PAINTS LTDBullish Crab TYPE 2 for SCALPING
Earlier this patterns given good reaction on Type1 entry now price again reached prz making its a TYPE2 Entry which is REVERSAL
Now with confirmation from a BULLISH CANDLE with RSI above 30
POTENTIAL BUY
Long Call Asian Paint - Operator moveHello Friends,
The best operator move found on the Asian paint chart. The way Chart formed by the operator i am very confident that next week this stock will give good move. Below are my observation :-
1. Operator initiate good buying at the start of the week.
2. Stock holds the level of 1670. 1680 level which created the support zone.
3. All the selling getting absorb at the same level.
4. at 1hr chart seen the huge buying which gave the confidence to initiate the trade in same.
5. 50, 200 EMA cross over at support zone.
Entry 1690 -1700, SL 50-60 points Target 1800
Regards,
Satish
Short Side on Asian PaintHangging man candle formation on daily chart.
Today's selling volume is huge.
Bearish cross over on MACD daily chart.
SL 1746-1750
Target 1570 Positional
ASIAN PAINTS short term buyI have provided Target line and support line, subject to OBV sustaining above resistance line.
Asian Paints Intraday Idea for 13th July 2020Hey Everyone,
Sharing my watchlist here for 13th July. Asian Paints in the first stock from my watch list. check the levels and consider to trade on it
ASIAN PAINT - Black Marubozu & Bearish Engulfing - on breakdown#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 Bearish
William R% treading down
RSI treading down
Closing below previous low
Close crossing last month close from above
Aggressive New Shot position
Stock underperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 1639 and 1595
Breakdown : 1659
CMP : 1686
Breakout : 1710.50
Short Target : 1748
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Positive Point:
1) Bullish in weekly and monthly chart.
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(Disclaimer: This is only for educational purpose.)
New story in making? Triangle!RSI divergence + Range shift!NSE:ASIANPAINT
can we deduce any trend change from RSI 14 range shift and potent hidden divergence?
can we test upper boundary?
Times to watch out for!
LONG Asian Paints Intraday BTSTLong Asian Paint Indicator based Buying MACD breakout Target SL on Chart
For monitoring educational purpose
Trade on your own Risk
Symmetrical TriangleSymmetrical Triangle, simple trend follow, wait for sell in support in is mention on the chart, book profit if price touch the line
BULLISH ABOVE 1698 LEVELS FRO 1733 / 1745 BULLISH ABOVE 1698 LEVELS FRO 1733 / 1745
BUT RISING CRUDE PRICE ARE POSING AS A BIG CONCERN
IF MARKET CORRECTS THEN IT WILL CORRECT TO 1544 LEVELS FOR SHORT TERM
Buy Red Sell Green 1690.35 currently
Thought i'd have a look at his since its in the red today and apparently a favorite of many.
Making a nice pennant on the daily with 3-4 attempts already at breaking upwards.
Had a nice bullish engulfing a few days ago and now retraced just to where support is on the yellow line .
Descending wedge in play i would say very low risk since SL is just a tad below at 1674.75.
This should fly to 1800 at the very least however i feel this one goes on price discovery soon as well.
Cheers!
Possible breakoutA possible breakout could be seen as stock as consolidated at these level and seeking a fresh new high levels with good volume support
