Asian paints can give a good up move with a decent stoploss and can become a good swing or positional trade with good targets
ENTRY - 2830
STOPLOSS - 2800
TARGETS - 2880, 2940, 3000++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back
I'm not sebi registered this is my personal...
ASIANPAINT
WEEKLY TIMEFRAME
Note Please leave comments for any query.
Disclaimer This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
PRABHUMAYAKANNAN
Asian Paints has displayed a notable pattern on its weekly chart, characterized by a pole and flag formation. Although the price broke below the flag pattern, it failed to sustain significant follow-up selling pressure. Presently, the stock is traversing within the golden reversal zone (Fibonacci Retracement 113% - 127%), indicating a potential liquidity sweep...
Good to go long in Asian paints - looks like turnaround.
Taken support at long standing demand zone.
Upside move possible till highlighted supply zone.
Disclaimer : I am not a registered SEBI analyst or researcher. These ideas are only for education. I am not responsible for anyone's losses or gains.
Asian paints Buy - Market take Trendline support for Weekly and monthly time frame .
Good Trend Reversel . Go Bullish
Entry - 3000 Rs
Target - 3400 Rs
Exit - 2900 Weekly candle close For below ..
NSE:ASIANPAINT has broken down from a triangular consolidation and seem to have taken support at 200 week MA. Last time the stock touched 200 WMA was in 2009 (yes, a good long 15 years back).
If 200 WMA holds then it would save the stock but if it breaks then we might see up to 30% downside from current levels as per TA targets for the triangle and these are...
Asian Paints LTD Monthly chart forming Ascending Triangle Pattern break trendline be careful it will go down & touch 2749.65 might be & it will 1Target
stock looks like about to revers after forming base on supp level and also getting supp from weekly trend line clearly. one can go long here as per there risk capacity. its not any buy sell recommendation.
Beautiful chart after a fall some consolidation are visible. Good for swing trading SL will be small and I already mentioned a target. Proper Swing Trade.
