ASIANPAINT trade ideas
ASIAN PAINTSHere , We can see on the chart,Asian Paints is making Lower lows and highs,so it is in downward trend on Daily chart(a correction),also it is somewhat in corrective mood only in weekly chart.But it is a t its support of 1330 level from which i expect it to bounce somewhat,then we can think of selling calls above 1480 and as per IV situation.Currently IV of all major stocks of Indian Market are very high due to election uncertainty.So i recommend to wait until it gets bounce back and then we will think of selling calls.
HAPPY TRADING.
Sell on breakoutSell if their is a breakout on lower side,If you are a long term investor then use this dip to buy this stock for mid term.
All the best!
Asian PaintsOngoing trend is up, and price has for now come to the slope and should ideally bounce to fill the gap area first! It may eventually continue with the overall trend and make a new high.
Asian Paint Education1. Rising Channel
2. Cup is completed, waiting for Handle
Only Education Purpose
Asian Paints Ltd # Head and Shoulder pattern, RR - 1:2, ShortShorting Opportunity if it breaks neckline...Pls share your positive input to make this analysis more effective....
Note - I am new learner on this forum.... I may have done some mistake while analysing...I request all especially seniors to share your views if you find something good or weak area in my analysis.
Pls do your own research before taking any trade based on this analysis
Regards
Shyam Kumar
ASIAN PAINT.. BUY FOR SHORT TERM TARGET OF 1434.Strong buildup (Large body candles) between the zones ( highlighted in yellow ) supported by 20 days EMA.
if closes above 1417 today, we can expect a short term target of 1434.
Above 1434, can touch 1460.
High Probability Trade - Asian PaintsLook to go long as close as possible to the trendline for a target of 1469.
Asian Paints already reversed from its trend!Asian Paint is following nifty in terms of RSI, a bearish divergence has been seen.
Current PE ratio of Asian Paints is high as per industry PE ratio.
Also 3 bar reversal pattern can be seen in monthly chart, indicating a long term downfall in Asian paints.
ASIAN PAINT reached its channel bottomif it sustains above the channels support line,then it will go upto it channel top
ASIANPAINT - Local Bearish DivergencePremise:
1. A retrace to the OTE will occur
2. The bullish divergence will fully play out, bringing the price to the OTE
3. This retrace upwards will be in more than 5 candles
4. A bearish divergence will thus appear
Execution:
1. 1:2:3 Short scale inside 1237-1240
2. Stop at 1286
3. Target is a long term support region at 1043 (zoom out :) )
Result:
1. A 6.26:1 RR trade is executed
