ASIANPAINT trade ideas
Asian Paint Target 1650 I am watching Asian paints for last 20 days. By mistake I bought @1605 during downtrend and price dips @1494 => bounced backed almost +100 points.
CMP 1618, further expecting to hold till next week for 1605 Target.
Stop loss 1500, I am beginner, would like to post my idea for any comments
Asian paint good long candidateAsian paint cmp 1500
good levels to go long 1465-1485
view gets negated below 1454,,
ASIAN Paints 75 Min Analysis * Price Bounce Back From Demand Zone .
* Any 75 Min Candle Did't Give Closing below Today's Low .
* Strong RSI Divergence .
Buy When 75 Min Candle Close Above Today's High That Is 1576.5
Long for Asian Paint?Be careful: Do not follow me blindly; this setup is for educational purpose only.
Long if first hourly candle closes above buy point. Result day!! So, sudden reversal is possible. Risk reward is good, but on a very volatile day.
Targets and stops are mentioned.
Setup has good divergence also.
ASIANPAINT buy for short termASIANPAINT is a buy between CMP - 1510
Target expected is marked as resistance (1) (2) (3) levels.
Disclaimer: Drawing / strategy made on this chart is for an educational purpose, kindly consult your investment advisor before investing.
6R Opportunity; Buy Zone Marked on Chart- Break of Down Trendline (forming a falling wedge in the end) indicating that Selling pressure has subsided.
- RSI showing Double Bullish Divergence is another indication.
- The last gap down opening was filled by a close above it.
- A Retrace to the marked Buy Zone is a buy.
Asian Paint Weekly Trade setup....!!!Hello friends, I hope you like my analysis if you have any question you can comment or support by liking it.
If you are liking to buy Asian paint then you can buy below
the lower value for delivery for towards 1600-1700
Thanks
ASIAN PAINTS - LONGWith regard to the Fibonacci level, it seems a reversal from the last few days downtrend from the current level (78.6% Fibonacci level). To make this trade strong with double confirmation, it is just above the support level of around 1540, hence we suggest a long swing trade on this scrip with a favorable risk to reward ratio of 1:3 , with a stop loss just below the current daily candle.
This trade is supported by the last few day's accumulations of volume and Stochastic- RSI moving up from below 20 levels. NSE:ASIANPAINT
Short Asian Paint Short Asian paint as bearish cypher pattern is forming.
Stop Loss and targets are as mentioned in charts
ASIANPAINTS - SHORT on breakdown from Support Zone.ASIANPAINTS - SHORT on breakdown from Support Zone.
Asian paints Swing trade possible - possible Target 1720Asian paints Swing trade possible - downtrend with loss on momentum - Target 1720
Sell may futures at highest price point for a gain of 40 to 50 points.
Asian Paints ~ Looks like distrbutoin Phase is done.Expecting 850-950 Zone to be visited, which gives will us opportunity for LONG TERM INVESTMENT.
ASIAN PAINTSBased on trend pattern it seems on daily chart Asian paints showing good support near bottom of channel formation. Hope it will show positive side movement from Monday and can see upward movement in 2- 3 days for 3-5 % minimum as iam expecting.
ASIANPAINTASIANPAINT
High RR
Need to keep an eye on candle pattern
Buy - With the market sentiment but after price action
Sell - After price action confirmation
Asian Paints - Bat Pattern 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.
