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Asianpaintslong

ASIANPAINT Trade OpportunityAs of 23 February ASIANPAINT closed at 3237. If you look at the chart the stock is trading above the TRENDLINE. There is small RESISTANCE area between the price of 3262-3282.If it consolidate between the TRENDLINE and the RESISTANCE area for next 2-3 days then after that it can give a UP side momentum. NOTE- ENTRY-3190-3264 STOPLOSS- 2980 1st TARGET- 3470 (8%) 2nd TARGET- 3800(16%) DISCLAMIER- THIS IS JUST FOR EDUCATIONAL PURPOSE,DO CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING.
NSE:ASIANPAINTLong
by chartisttrader1
ASIAN PAINTS - Triangle Pattern There is a Triangle pattern formation on Asian Paints Hourly Chart and in fact, the prices did close above the triangle resistance trendline today. But there is definitely a BUT in this stock, and you must be thinking what it is? Let me tell you, usually the valid triangle breakout , or you can say breakout that see a great movement is , when the price breaksout within 2/3 area of the traingle, but in this case , price has reached quite closed to thc convex area, and when such kind of price movement is seen , prices usually move sideways or also came with th range. Now you must be thinking, if there is so much But in this stock, why m i discussing it here as a probable trade, because, its higher timeframes are super bullish, hence this stock may test so much of a traders' patience, but it could be worth it considering good risk-reward ratio, it could be a good long position trade. So a Positional Stoploss can be placed below 2900 level, and stock could be bought dips or in consolidation if happens. Disclaimer : The post is for educational purposes, if you are trading this, you are trading at your own risk. Let me know your views on this stock.
NSE:ASIANPAINTLong
by manuagarwal21
ASIANPAINT - Bullish view - Short Term/IntradayThis analysis is purely based on price action and Chart Patterns. The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days Trade strategy is explained in image itself. Don't chase the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. Trade at your own risk and money management. Do your own study before taking any trade Feel free to comment for any queries & suggestion
NSE:ASIANPAINTLong
by AdityaKarn90