ASIANPAINT trade ideas
Asian PaintWatch for triangle breakout
Aggressive traders can buy with strict SL below bottom triangle line
Near 200 EMA
Conservative traders can enter after price action confirmation
Just for education
long AsianpaintLong opportunity on Asian Paints as it is on the verge of breaking the descending triangle and the Stock is on an upward trajectory on the longer time frame
SOLD ASIANPAINTS @3001 STOP @3014POSITIONAL TRADE*
SOLD ASIANPAINTS @3001
STOP @3014
TARGET 26+ PTS OR MORE
Asian paint looking long opportunityAsianpaint looking long opportunity , if it break 2370 correction may extend till 2250 so SL below 2250 safe
Disclaimer: study purpose
Evening star at the top negative diversion in RSI bearish signEvening star at the top & negative diversion in RSI it may retrace from all time high to take major support as shown in chart 1: 4.5 RR could be possible.
ASIAN PAINT LONG I DRAW A SIMPLE TREND LINE IN MY VIEW WILL BUY BEACUSE OLD RESSIANTCE IS SUPPORT ONCE IT CROSSED WITH VOLUME YOU CAN COMMENT OR REPLY HERE
Asian Paints 16/June/2021There is clear break out and price have tremendous potential for upside movement.
1st target can be seen on the chart.
Trade Wisely And Smartly
ASIANPAINTS - SYMMETRICAL TRIANGLE100Rs opportunity which ever side it breaks (Target is purely nased on PA - width of the pattern
As usual - take entry only on strong closing basis on either side
SL can be below/above pattern for long/short sides
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.
