ASIANPAINT trade ideas
ASIANPAINTS LONG TERM VIEWStrong piercing candle fronm the 21 SMA with RSI divergence indicates a strong downward movement
Targets
1506
1363
1258
1165
Asian paints good short candidateBearish harmonic AB=CD pattern formation ,, as per pattern resistance around 1673 levels
If unable to sustain above this levels, counter can fall to levels of 1573,, 1527,, 1483,,
Possible Correction in trendRecovery from the last downswing reached a 50% Fibonacci level. Possible trend correction happen.
Asian Paint Target 1650 I am watching Asian paints for last 20 days. By mistake I bought @1605 during downtrend and price dips @1494 => bounced backed almost +100 points.
CMP 1618, further expecting to hold till next week for 1605 Target.
Stop loss 1500, I am beginner, would like to post my idea for any comments
Asian paint good long candidateAsian paint cmp 1500
good levels to go long 1465-1485
view gets negated below 1454,,
ASIAN Paints 75 Min Analysis * 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
Long for Asian Paint?Be careful: Do not follow me blindly; this setup is for educational purpose only.
Long if first hourly candle closes above buy point. Result day!! So, sudden reversal is possible. Risk reward is good, but on a very volatile day.
Targets and stops are mentioned.
Setup has good divergence also.
