ASIANPAINT trade ideas
AsianPaints, ResistancePrice at resistance point which is 1340-43. Go long with a stop loss of 6-7 points-- SL at 1334 if price goes above 1341. Target is 1359. Rationales: Consumption theme (in strong bullish phase). AP is a market leader. A breakout stock. Goo risk reward ratio.
Buy Asian PaintsBuying opportunity in Asian Paints once consolidation ends. Enter at the support level with stop loss few points below the support line.
AsianPaints, Resistance AP at crucial resistance of 1340-- highest Call OI. It is also a Triple Top pattern. Crossing this will give a big breakout. Price took support at 50 DMA. Unable to take out the level of 1340 decisively, will correct and consolidate for sometime. Consumption theme. Covering this market leader since the bottom was formed. It is a buy on correction.
Asian Paint is retesting Break out level Asian Paint is retesting Break out level formed after shallow retracement / consolidation around 38.2% Fibo level
AsianPaints, ConsolidationWe can take guidance from positioning of the 50 and 100 in relation to 200 DMA. It means that so long as 50 and 100 DMAs are crossing 200 DMA on the upside, we can go long on dips.
AsianPaints, ConsolidationAfter a big vertical lift consolidation is normal. Expect a big rise again once the consolidation is done. This may take some time. New highs are coming. AP is a market leader and falls in the consumption segment of industry which is doing quite well.
ASIANPAINT SHORT TRADE SETUP FOR SHORT TERM - BASED ON SZFOR EDUCATIONAL PURPOSES.
SUPPLY Zone forming in LTF 15 Mins - Risky trade with SMALL SL.
Asian Paints- Breaks 52 Week HighAsian 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
Asianpaints, SupportI posted this chart twice, on 19th March and also on 7th April stating that a strong base (support) is being created for a long time-- almost a year. If the same is respected, price may see good upside. And the same is in place. Now what? Now we should watch the levels of 1240 and 1260, if these are held (some profit booking may happen below 1300), price may move towards 1340-50 and also above in near future.
AsianPaints, S&RSupport and Resistance plays often quite well. A long-held well justified support is holding the price from falling bellow. Trend is up. But big upside is restricted may be due to volatile political and market conditions. Possible resistance zone is marked and acting well for the short to medium term. Wait for the price to come back to support line.
AsianPaintsBack to square one! Price could not digest the upward momentum. So it has come back to the long-held support. Technical inputs say that strong support lies at 1062. Price may consolidate between 1062 to 1111 for some days.
AsianPaintIt was stated that confluence of 100,200 DMA will have a strong say in price move and since the same has been cleared, we may expect some consolidation for a couple of days. Then resistance comes at 1183 followed by 1204.
AsianPaint, Passion and PatienceWhen does a stock gathers strong momentum? When a trader has exhausted and bored, patience has run out. Then the stock makes a surprising and sharp move. This is more significant a lesson vis-à-vis technical. This demands Passion.
ASIAN PAINT LTDBUY ASIAN PAINTS ABOVE 1143
STOP LOSS OF 1130
TARGET 1160 AND 1190
TIME FRAME 10 TO 15 DAY'S
ON DAILY CHART STOCK GIVEN CLOSING ABOVE 20 DEMA AND ALSO FARMING CUP WITH HANDLE PATTERN.
AsianPaintsAs stated in two earlier posts that price has received support at well-defined long-held support zone and accordingly price is showing signs of tepid bullishness. At present price is consolidating in a small range for last 4-5 days. Price may move drastically if price breakout above this small resistance level.
AsianPaint, 200 DMAPrice given support at long-held level, there is a strong resistance waiting at 1160 where 100 and 200 DMAs are converging. Above this decisive level 1209 is possible. AP is a market leader.
AsianPaints, LongPrice is holding at (today bulls managed to keep the nose above the support line) the crucial and deciding line for a sustained move either of the sides. So if price holds below this line on day's closing basis, bears will cheer up.
AsianPaintsPrice at crucial level. This level decided several times earlier for deft movements in both directions. Same can be repeated now as well.
Asian paint - A value pick. In watchlist to buy around 1050Asian paint - A value pick. In watchlist to buy around 1050
Buy AsianpaintReason: Asianpaint trading in triangle of 50 point height. Breakout point at 1158
At/Between: 1160-50
Stop: 1138
T1: 1185
T2: 1210
ASIANPAINTS look for break of this correction to downside.Hi Guys, Those who trade it can look for break to downside if it broke that corrective structure then more up or more down.
