ASIANPAINT trade ideas
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.
[Buddha] ASIANPAINT Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Asian Paints bucks the downtrendNSE:ASIANPAINT A Good LONG TERM pick. I know the support trendline is nowhere perfect but according to my second opinion as it is piercing through the candles it is well acting as a good support as well as resistance trend line in itself.
ASIAN PAINTS | Making Higher Highs | Buy Opportunity (NSE India)Friends, please support this idea with LIKE if you find it useful.
I'm seeing a buy opportunity here. Use the pullback to get in.
Reason:
- Seen a huge demand at market opening; Market gapped up.
- Sellers tried to push the price down. They couldn't breach the yesterday's low; followed by strong rejection candle means a demand pool is there.
- Making higher highs to the upside; bulls were in full control.
- Weak resistance to the upside.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ASIAN PAINTS | Short Sell OpportunityFriends, please support this idea with LIKE if you find it useful.
Even though its main trend is positive. Looks like price is going to retest the previous demand zone before it rides back to the upside. So you may get a sell opportunity here. Use the pullback to get in.
Reasons:
- Made a double top.
- The price is trading near a resistance area. .
- Nifty is weak.
- Weak supports.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
ASIANPAINTS - ULTIMATE EXPIRY PLAY FOR SHORTS. RR OF 1:8ASIANPAINTS - GO SHORT @ CMP WITH A SL OF 1690 AMD A TARGET OF 1325. TARGET SHOULD BE ACHIEVED BY APRIL 30, 2020
this stock is a leader in chemical industryin last 3 month Asian paints down by 13.16%
and nifty down by 33.88%
