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ASIAN PAINTS LTDASIAN PAINTS LTDASIAN PAINTS LTD

ASIAN PAINTS LTD

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ASIANPAINT trade ideas

Asian Paints Intraday and Swing for 06.05.2024-Bullish As per the reference analysis on 29th April for intraday, we got good trades(Attached link for the previous analysis). In continuation to this, we got very good structure formation towards bullish movement. Weekly and Day TF is at Strong support area 15 Min TF • Price is in upward trend • Price is reacting as per previous breakout. • Resistances are converting to support which is good sign on bullish hold. • Wait for more consolidation. More consolidation and upside breakout then more chance and quantity can be increased • Fibonacci retracement has taken strong support at 0.618 Level which is very good sign trend continuation. Also volumes has decreased during retracement Strong Buy: Above 2951. Target upto 2990. Swing traders can hold for more profits Get confirmation from any of the leading indicators before entering trade Kindy comment below in case of any clarification required on this particular idea. Please follow for more ideas
NSE:ASIANPAINTLong
by Swinging_Inside_the_BAR
5
ASIAN PAINTS RBTSASIAN PAINTS has given a buy signal according to range bound trading strategy. The lower limit of the range is 2707.05 and the upper limit of the range is 3500. The stock has covered the range three times in the past. Although the March 2024 quarterly results are not as good as the previous quarter but with increasing demand of residential projects in Bharat(which can be tracked by the news articles), the demand of paint is also bound to increase and this will surely enhance the turnover and profitability of the largest paint maker in Bharat. Please do your own analysis before investing. Hope you learned something new from my ideas. Do like, share and follow me. thank you
NSE:ASIANPAINTLong
by ronak16125
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.
NSE:ASIANPAINTLong
by satyajbims