ASIANPAINT trade ideas
BULLISH ABOVE 1698 LEVELS FRO 1733 / 1745 BULLISH ABOVE 1698 LEVELS FRO 1733 / 1745
BUT RISING CRUDE PRICE ARE POSING AS A BIG CONCERN
IF MARKET CORRECTS THEN IT WILL CORRECT TO 1544 LEVELS FOR SHORT TERM
Buy Red Sell Green 1690.35 currently
Thought i'd have a look at his since its in the red today and apparently a favorite of many.
Making a nice pennant on the daily with 3-4 attempts already at breaking upwards.
Had a nice bullish engulfing a few days ago and now retraced just to where support is on the yellow line .
Descending wedge in play i would say very low risk since SL is just a tad below at 1674.75.
This should fly to 1800 at the very least however i feel this one goes on price discovery soon as well.
Cheers!
Possible breakoutA possible breakout could be seen as stock as consolidated at these level and seeking a fresh new high levels with good volume support
IF BROKEN BOTTOM LINE TGT 1520-1530 POSITIONALIF BROKEN BOTTOM LINE TGT 1520-1530 POSITIONAL WAIT TILL LINE BROKEN
Shorting View on Asian PaintShorting View on Asian paint on basis of completion of Harmonic pattern Gartley Pattern
ASIANPAINT - GO LONG FOR A GREAT RR BY JULY ENDASIANPAINT - GO LONG @ CMP WITH A SL OF 1483 AND A TARGET OF 2040. TARGET SHOULD BE ACHIEVED BY JULY-END. COMPULSORY EXIT ON TARGET COMPLETION. CAN GO SHORT.
ASIANPAINTS LONG TERM VIEWStrong piercing candle fronm the 21 SMA with RSI divergence indicates a strong downward movement
Targets
1506
1363
1258
1165
