#ASIANPAINT after deceleration of YoY result on 24th June stock is opening and closing over the 100EMA and taking the support. Today 8th July stock created the Black Marubozu and Bearish Engulfing candle that show weakness in stock but again it closed above 100EMA support. Showing Bearish in all Technical Parameter: Black Marubozu Bearish Engulfing CCI...
ASIANPAINT - 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.
* Price Bounce Back From Demand Zone . * Any 75 Min Candle Did't Give Closing below Today's Low . * Strong RSI Divergence . Buy When 75 Min Candle Close Above Today's High That Is 1576.5
ASIANPAINT (Asian Paints Ltd) BUY ABOVE 1834
Asian paint can be long till 1650-1660 from there reversal expected. Short reversal target 1 : 1530, 1480
Premise: 1. A retrace to the OTE will occur 2. The bullish divergence will fully play out, bringing the price to the OTE 3. This retrace upwards will be in more than 5 candles 4. A bearish divergence will thus appear Execution: 1. 1:2:3 Short scale inside 1237-1240 2. Stop at 1286 3. Target is a long term support region at 1043 (zoom out :) ) Result: 1. A 6.26:1...
Asian Paints, Weekly Chart. ABCD Pattern completed, PRZ @ 1150/1200 Area. Strong Support @ 888 & 725
To be honest I really like the simple trend continuation pullback entries. They exactly come to our support/resistance zone, stagnates for sometime and raises in our direction most of times. These setups dont need complicated analysis or any technical analysis at all. In this particular setup of Asianpaint , Risk reward is above 1.5 or if you decide to wait for...