ASIANPAINT trade ideas
Asian Paints Intraday Idea for 13th July 2020Hey Everyone,
Sharing my watchlist here for 13th July. Asian Paints in the first stock from my watch list. check the levels and consider to trade on it
ASIAN PAINT - Black Marubozu & Bearish Engulfing - on breakdown#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 Bearish
William R% treading down
RSI treading down
Closing below previous low
Close crossing last month close from above
Aggressive New Shot position
Stock underperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 1639 and 1595
Breakdown : 1659
CMP : 1686
Breakout : 1710.50
Short Target : 1748
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Positive Point:
1) Bullish in weekly and monthly chart.
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(Disclaimer: This is only for educational purpose.)
New story in making? Triangle!RSI divergence + Range shift!NSE:ASIANPAINT
can we deduce any trend change from RSI 14 range shift and potent hidden divergence?
can we test upper boundary?
Times to watch out for!
LONG Asian Paints Intraday BTSTLong Asian Paint Indicator based Buying MACD breakout Target SL on Chart
For monitoring educational purpose
Trade on your own Risk
Symmetrical TriangleSymmetrical Triangle, simple trend follow, wait for sell in support in is mention on the chart, book profit if price touch the line
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.
