ASIANPAINTS::
This stock is trading in a channel
price is now at trendline,
previously multiple times taken the support from trendline...
keep in long side as long as price is above the trendline...
A strong demand Zone is observed at 2800 levels.
now price is in consolidation to bullishness is observed...chance of reversal from topside to test this demand zone...
#ASIANPAINT Looks for a huge panic of 10-15%; It gives a bullish pattern on 1HR-4HR; however use the raise to sell the rally. We see huge panic in couple of months.
Sell & Hold patiently.
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Asian paints price moving in triangle pattern so price came down and took support from bottom trade line so TGT will be upper trend line
only for educational purpose
The stock looks good for long.
Its target I have shown in the picture. Thank You.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
GOOD TIME TO BUY
All information is for educational purposes only, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. i'm are not responsible for any profit/loss you made.
Can Enter at 2910
Targets - 3600,4000+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
#Asian Paint | #Elliott #Wave #Analysis | where is support?
Hey guys please find the #analysis of the #asian #paints ltd.
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Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Asain paint will breakout from an ascending triangle pattern in coming weeks. Once it breaks out, wait for the pullback, and then enter the trade for a good upside move.
Asian Paints is currently in a perfect zone. A directional move is expected from this point.
Upside level:- 3420
Downside level:- 3100
Keeping SL of only around 50-60 points, a 1:2 move is easily expected on each of the sides.
Trade safe. Manage risk. Be profitable.
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With a depreciating rupee signs along with recovering european economies and stable oil prices. Asian paint is all set to go for a new bull run.
Company has regularly shown a rising FCF irrespective of the macro economical conditions.
Asian Paints is trading near supports of the long term trend channel. Upside targets above 9500 by Jan 2025.
P.S: These are only...
There is a breakout of triangle on weekly time frame. I understand it will reach to 4000/- in next 3 Months
Note: It is not at all the buying and selling recommendation and this stock is in my portfolio and there is a high probability that my analysis is biased and could be possible my analysis will go wrong.
NSE:ASIANPAINT about to breakout 3365 level.
We can see long term move above 3365 with SL of 3084 and can average till 3132.
Major targets levels are highlighted in blue lines.
