ASIANPAINT trade ideas
Asian paint at best buying levelAsian paint at support level, more chances to reach at 2900 , 3000 level in short time.
Asian paints breakoutStock is forming ascending triangles pattern once it crosses 2760 target of 2782 and 2800 can be achieved.
If stock breaks the trend line and trade below 2725 further fall till 2703 and be achieved
Low risk positional tradeAtleast 10% upward move can be aimed if we hold little longer. It's lying down on strong support level, waiting to form a big green candle. That would be the trigger.
Ascian Paint will be Bulish if Breaks the ResistanceAt the Small resistance if breaks the rally will start soon
Sell Asian Paints NSE:ASIANPAINT
Sell below 2750 (Spot) and make future hedge to go short on this.
Mean sell future and buy CR which have at least 70% intrinsic value.
ASIANPAINT 1HR (27 MARCH 2023)NSE:ASIANPAINT
Asianpaints is going in a channel pattern.
but keep in your mind
shortly again a horizontal support is 2740 .
above 2740 it is ready for upside.
upside target is 2952.
Asian Paints looks to be in TrendAs the Crude oil Spiked upto almost 12% from it's recent lows now we can trade in Asian based on Crude oil Retracement
Looks like Good to go for a target of 2950 atleast from here
Trend also shows that
price should come deep inside the zone, as nifty,spy is bearishprice should come deep inside the zone, as nifty,spy is bearish
AsIf price comes at entry level 1 then take 60% quantity and balance 40% take from entry 2.
Trade at your own risk.
ASIAN PAINTS CHARTTHE IDEA WILL BE ONLY FOR STUDY PURPOSE .
wait for the breakout till then keep your eye on the stock .
#ASIANPAINT Bullish Divergence!!!#Asianpaint:- There is bullish divergence between price & it's RSI. Price perfecttly following the upward trendline and again taken support at trendline & Moving toward upside. The price respected the support level and persisted itself at the support level . The market is pulling back after testing the resistance and impulse move. I expect growth from the support level. Above 2810 my target will be 2965-- 3020--3230.
ASIANPAINT : retest of support zoneASIANPAINT is trading in zone since few days, it may retest support zone in coming day.
Invalid if it broke resistance
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L".
Monday Setup for intraday Asian Paint
asian paint for long if 2853 to 2860 some time stay and after that break the leval first target is 2900 and second is 2920 and 10 ema cross 20 ema if market mood is postive
Asian paints looks good for swingAsian paints is recently in downtrend.
It is trying to hold its level at current price.
One can buy it for swing purpose
Asian Paint going to down asian paint going to down 2700 level is important level if stay some time heavy call writter is active above 2700 and put writter less than so very good move if one bearish big candle and also make inside candle NSE:ASIANPAINT
