Swing in Asian paint looks good in weekly Please consult your financial advisor before any investment we are not sebi registered.This is only for chart learning purpose..
ASIANPAINT trade ideas
ASIANPAINT Sitting at Support which can turn into Resistance 2800 price is a decent support for ASIANPAINT, however, this support can change into RESISTANCE too. It may go further down till 2650 and then reverse. This week is important for the stock to confirm it's direction
Asian paints Elliott wave is forming in Asian paints, entry is at 2825, target is 2700 and stop loss will be 2880
ASIANPAINT + PTT + SMART MONEY CONCEPT + GANN SQ 9 + EILLOT WAVEThe Samart money concept by LuxAlgo provides bluee area indicating support zone while the red area been the resistance zone.
The Progressive Trend Tracker by KivancOzbilgic gives us a band on blue and red line which is a well modified version of bollinger bands. Price above blue line triggers the buy signal. We observe that the price is well above the blue line.
The GANN square of 9 is providing important support and resistance levels as observed in the charts.
The eillot wave abc pattern is as seen in the chart.
Excellent Buy opportunity in Asian Paint @ 3100-3150Now, it's time to add ASIAN Paint in the portfolio around 3100-3150. Once it breaks the 3575, It will blast and move towards 4000-4500
Asianpaint investment- one of the leader in sector
- didnot perform in previous rally, expected to perform after election
Asian PaintLooking good for investment purposes
1. ROE, ROCE Above 25%
2. Approx Industry PE.
3. Below 10 years Median PE 60
ASIANPAINTNSE:ASIANPAINT
Buy above 2870
sl 2685-2680
Rsi truning above 40
reversing from bottom
10 days MA showing buy
Target - 3014/3132/3300
asian paints a multibagger ?asian paints is currently available in a very good accumulation zone as we hit the bottom trendline expecting a 20% roi in next 3 to 6 months
Buy ASIANPAINT @ 2880 Avg @ 2600 SL below 2100 TGT3700/5100/6200The stock had been in consolidation for almost 3 years and now taking support at 200 WEMA . Also making double bottom breakout at 200 WEMA which will give the desires above mentioned targets as chemical sector has started to make run
Perfect entry for Asian Paints Asian Paints at perfect entry -
Channel Support
RSI Divergence at lower time frame
MA 50 Support
asian paints ready for reversalasian paints at longterm weekly trendline support and horizontal support
cmp 2981 sl 2885 target 3101 and 3224
ASIANPAINT POSSIBLE U-TURN Asian paints can give a good up move with a decent stoploss and can become a good swing or positional trade with good targets
ENTRY - 2830
STOPLOSS - 2800
TARGETS - 2880, 2940, 3000++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal view
Please like or boost my idea if you like it or traded it
Thankyou
Asian Paints: A Bullish Outlook
Asian Paints has displayed a notable pattern on its weekly chart, characterized by a pole and flag formation. Although the price broke below the flag pattern, it failed to sustain significant follow-up selling pressure. Presently, the stock is traversing within the golden reversal zone (Fibonacci Retracement 113% - 127%), indicating a potential liquidity sweep orchestrated by smart money investors.
Moreover, the price action aligns with the completion of an ABC correction pattern within the Elliott Wave structure. This suggests a probable uptrend, targeting a 20% - 22% upside trajectory. A plausible support level lies around 2800, while prudent traders should establish stop-loss orders at 2685, with investors setting theirs at 2500.
Asian Paints boasts strong fundamentals, despite recent market turbulence triggered by news of new entrants in its business segment. While this may introduce heightened competition, it also signifies a burgeoning market landscape in India and other developing nations. Furthermore, Asian Paints is diversifying its offerings into segments like bathroom fittings, interiors, and furniture, indicating a strategic expansion beyond its traditional domain.
In light of these factors, I maintain a fundamentally positive stance on Asian Paints. Hence, I advocate a "BUY" recommendation, anticipating a 20% - 22% upside potential from current levels, with a tight stop-loss set at 3%.
#ASIAN PAINTSGood to go long in Asian paints - looks like turnaround.
Taken support at long standing demand zone.
Upside move possible till highlighted supply zone.
Disclaimer : I am not a registered SEBI analyst or researcher. These ideas are only for education. I am not responsible for anyone's losses or gains.
Asian Paints, downtrend exhausted, expect quite reversal Asian Paints showing trend reversal, expecting targets of 3100, 3120,3160, 3200.
ASIAN PAINTS LONG TERM BUY Asian paints Buy - Market take Trendline support for Weekly and monthly time frame .
Good Trend Reversel . Go Bullish
Entry - 3000 Rs
Target - 3400 Rs
Exit - 2900 Weekly candle close For below ..
ASIANPAINTS 2796/2793 Levels can be Good Intraday Support Zone ,ASIANPAINTS 2796/2793 Levels can be Good Intraday Support Zone , wait for the levels
i will only buy if goes below 2698/2695 in Asianpaint intraday
ASIANPAINT on verge of serious breakdownNSE:ASIANPAINT has broken down from a triangular consolidation and seem to have taken support at 200 week MA. Last time the stock touched 200 WMA was in 2009 (yes, a good long 15 years back).
If 200 WMA holds then it would save the stock but if it breaks then we might see up to 30% downside from current levels as per TA targets for the triangle and these are conservative targets.
Keep an eye this week to check what happens at the end of the week.
Asian paints elliot waveIt will go down in an impulsive 5 waves to complete wave c of abc correction.And then start to go up for another impulsive move.
