ASIANPAINT trade ideas
Nifty 50 Stock Analysis Series - Asian Paints - 4th stockMy Observation:
1. Formed U shaped fall-and-down pattern in this year.
2. Rally started and ended at Rs.3444.
3. Stock Price is
** At 21 SMA
** Below 50 SMA
** At 100 SMA
Indicates to do monthly SIP for long term
4. Then Correction started with (ABC) pattern from last week of Sep'21.
5. Expecting this fall to Rs.2830 and start next rally.
6. Target #1 - 10% (Rs.3119)
7. Target #2 - 20% (Rs.3440)
Note:
I'm not recommending buying this stock. This is for education purposes.
This is my view, based on my learning.
Please do not trade without your own conviction.
Please invest after careful research. I'm not responsible for your profits/losses.
- Gnanasekaran
ASIANPAINTNSE:ASIANPAINT
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Support on EMA 50/89/200GOLDEN CROSSOVER:-
Golden crossover is a condition when on Daily Time frame "50 Moving Average" Crosses "200 Moving Average" from Down to UP.
this is a good BUY opportunity in many stocks.
So if you see "Golden Crossover" happening You may Take a LONG Posn.
When to Exit this LONG posn depends on your Risk Appetite - You may Exit as per RR ratio - or keeping Slow MA as SL like mentioned above - or waiting for opposite to happen - or Exit as per different TF - or Exit with the help of some other indicator - or any other method you have deviced.
200 EMA Support:-
On Daily Time Frame Most of the Stocks/Indices/Commodities/Forex takes support On(Near) 200 EMA/SMA/DEMA and bounce back from this level. so many traders take LONG posn near 200 EMA/SMA/DEMA etc keeping SL at Support level Below 200 EMA/SMA/DEMA etc for good Risk Reward Ratio.
21/50/89 EMA Support:-
On Daily Time Frame Most of the Stocks/Indices/Commodities/Forex takes support On 21/50/89 EMA/SMA/DEMA also similar to 200 EMA etc and bounce back from this level. so many traders take LONG posn near These EMA/SMA etc keeping SL at Support level Below these 21/50/89 EMA/SMA etc for good Risk Reward Ratio. these show good support at 1Hour ... Weekly ... Monthly and other time frames also. Such stocks you need to identify. one such example is SBIN ... you can find it taking support at 50-89-200 EMA before Bouncing back... another is Ultratech Cement which bounce back from 89 EMA and 200 EMA. So you need to find out these stocks to make an appropriate entry as per your risk level.
I am not a SEBI Registered Analyst. Please Correlate by yourself also on charts. This is for Educational and Paper Trading Purpose Only. Must Consult your financial advisor before Investing.
Hope this helps most people to take basic trade.
Happy Trading !
Asian Paints IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Asian Paints strong above 3170...After breaking, the resistance of 3170 Asian Paints comfortably traded at 3226.
The chart is self-explanatory.
We can see confirmation of the trend from the following points.
1) Breakout of dynamic resistance line.
2) Fibonacci level support
3) Higher Low after consecutive Lower lows.
Buying Range:3230 to 3170
Stop Loss: 3050
Expected target: 3505, 3800 to 4100.
Happy Trading
Paint or chuna?Bought small in the early morning at market open, added rest after 2hr candle closed above resistance.
Won't add more... Will book most of my position as it hits my tp.
Asian Paints For Short TermAsian Paints Go Long For Short Term Trend Line Breakout + Last Swing Breakout + Levels Are Target.
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DISCLAIMER :- This Channel Is For ( EDUCATIONAL PURPOSES )
Asian Paints Bullish on smaller 15m TFHead and Shoulder pattern with breakout and retest in Asian Paints. We could see targets of 3180 in coming days.
ASIANPAINTNSE:ASIANPAINT
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Asian Paints : Bearish
Monthly:
Long wick candle followed by bearish engulfing candle
Weekly : Bearish
Daily :Bearish
1.Trend Line Resistance
2.Key Resistance Level
3.Multiple Candles Rejecting.
4.0.5 fib level -Bearish Pullback
5.Broke EMA 50
Buy Asian Paints : Negative news done with .. Asian paints is a stock if you consider the backtest data has rebounded sharply whenever it has went below its 90 days EMA and same has happened this time. Now the stock is trading at 3170 and one can expect a decent move of 200₹ to 3400 in 15 days. The allegations have been dealt with and the stock is poised to resume its journey ahead. Keep a Stoploss of 150 ₹ at 3020 closing basis .
ASIAN PAINT Buy For Intraday TradingASIAN PAINT Buy For Intraday Trading if Stock break the levels of 3146
Asian Paints ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone, 200 MA & the lower trendline. The target is placed near resistance.
Asian paint both side targetAsian paint stock for intraday trading for both side target buy and sell side
ASIAN PAINTS is a Diwali PickASIAN PAINTS is a Diwali Pick
Reached the demand ,
Accumulate for long term.
No SL as its a investment pick.
Long asian paintsmultiple confirmation setup , trendline support , 200 ema support , previous resitance acting as support zone. Can be a good swing trade with favorable risk reward .
Im a beginner im just sharing my views
ASIANPAINTS - Reversal
Daily TF - Took support at the last demand zone.
Hourly TF - Momentum Buildup in RSI.
The negative news has already been factored in & the price fell almost 700 Points.
Once can enter with a sl of 2840.
ASIAN Paints
Negative trend
RSI - 28.13
MACD - Downtrend
Enter only once it cross the 50 Day Moving average @ the above give levels
