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Asianpaintsforecast

Asian Paints - Ready to give a big upmoveThis stock trades with good volumes on the bourses in the higher time frames. Similarly, it is in the oversold zones of oscillators in higher time frames. The 52W H/L being INR 3,568 / 2,694 It is consistently making Higher Highs and Higher Lows It is standing right at the support level of INR 2925 and we expect it to bounce back from this support to make a new lifetime high. If it fails to support INR 2925, it will enter its demand zone at INR 2700 wherefrom it will bounce back to reach almost its lifetime high Resultantly, I believe that the target price should be INR 3760-3800 Stop Loss should be INR 2560 Risk to Reward will be 1:6 The time horizon should be 9-12 months
NSE:ASIANPAINTLong
by Hobbytopassion_ManishJain
3
ASIANPAINT--Long on Trendline Break and Retest??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:ASIANPAINT
by IIT-Trader
3
ASIANPAINTS--@Near Golden Zone ??The stock is facing resistance from the zone 3560-3580 zone.... After a strong bullish momentum from bottom levels, price is now given retracement to the golden zone of fibonacci.... Look here for buying opportunity to enter long.... @3200 Zone previously a strong buy ness is observed... Keep track this for buying. This time price may break the resistance levels... A strong consolidation is observed before reaching the Golden Zone and also a strong fall indication of exhaustion of sellers.... Keep an eye on these levels @3360 will again try to push downside... If this zone pushes the price down 3240 level will again pushes the price upside... keep look for buying....
NSE:ASIANPAINT
by IIT-Trader
1
ASIANPAINT--Demand zone@3050 ??Observations:: ---------->> The stock is trending upwards in daily time frame. ---------->> now facing resistance in the zone @3160 level, which is a previous resistance. ----------->> we have a demand zone placed @3050 level, which will act as a support again. Keep watch this level, if failed to act as support sell for the downside demand zone placed @ 2970 level. ----------->> Buy at 3050 level for the target of 3160 and 3240 levels. Keep your stop loss below the 3020 level. the previous support @3050 again acts as a support. ------------------------------------------------------------------------------------------------- In 15 min time frame the stock is coming to the downside with consolidation from resistance, which is clearly a sign of bullishness from demand zone.
NSE:ASIANPAINTLong
by IIT-Trader