________________________________________________________________________________📈 ASIANPAINT – Strong Bounce from Demand Zone | Option Chain + Price Action Breakdown
🕒 Chart Type: 15-Minute
📆 Date: July 3, 2025
________________________________________________________________________________
🔍 What’s Catching Our Eye:
ASIANPAINT saw a sharp intraday rebound from its marked demand zone at ₹2405–₹2397.50, with price closing near ₹2,430.90. The reversal occurred on higher volume and in the presence of long build-ups across multiple Call strikes. This suggests institutional interest and a potential shift in short-term sentiment.
________________________________________________________________________________
📌 What We’re Watching For:
The key observation is that ASIANPAINT respected its demand zone and bounced with strength. If the price sustains above ₹2,440, it could trigger continuation toward the top range of ₹2,464.40. On the downside, any failure to hold the demand zone may bring back pressure toward ₹2,400. Option chain data supports the bullish bias, with fresh long positions across ATM and OTM calls.
________________________________________________________________________________
📊 Volume Footprint:
Today’s volume was 1.55M, higher than the previous 1.36M, signaling strong participation during the bounce. A continuation move with volume > 1.5M may validate breakout setups.
________________________________________________________________________________
📈 Option Chain Highlights:
The 2,500 CE, 2,460 CE, and 2,440 CE all witnessed strong long build-ups, confirming bullish positioning. Even the deep OTM 2,600 CE showed healthy open interest increase. Meanwhile, 2,400 PE showed short build-up, suggesting put writers are confident that the ₹2,400 level will hold. Notably, 2,400 CE also saw short covering, adding further weight to the bullish narrative.
________________________________________________________________________________
🔁 Trend Bias:
🟢 Bullish above ₹2,440, especially if volume confirms a clean move
________________________________________
🧠 Trade Logic / Reasoning:
The bounce from demand was technical and backed by derivatives activity. The presence of long build-ups across multiple Calls and the short covering at 2400 CE suggests strength. Since price closed above key EMA zones and respected the lower boundary, it builds a solid case for an upward move, unless volume suddenly drops or a fresh supply emerges.
________________________________________________________________________________
📍 Important Levels to Mark:
🔺 Top Range Resistance: ₹2,464.40 – Watch for bullish breakout or reversal candlestick
🔻 Bottom Range Support: ₹2,326.10 – Deeper support; unlikely to come into play unless 2400 breaks
________________________________________________________________________________
🎯 Trade Plan (Educational Purpose Only):
✅ Best Buy (Cash/Futures):
Buy above ₹2,440 with bullish price action and volume confirmation. Reversal from the demand zone is valid as long as price holds above ₹2,405.
✅ Best Sell (Cash/Futures):
Sell only below ₹2,405 if the price breaks the demand zone with high volume and bearish structure. Downside may open toward ₹2,380–₹2,360.
💼 Best CE to Long:
2,440 CE or 2,460 CE – Both strikes show strong Long Build-Up; ideal for directional continuation above ₹2,440.
📉 Best PE to Long:
2,400 PE – Consider only if price breaks and sustains below ₹2,405 with heavy volume and weak candle close. Risk-reward turns favourable for downside hedging.
🟢 Demand Zone: ₹2405.10 – ₹2397.50 | SL: ₹2395.50
🔴 Supply Zone: Not clearly visible yet (watch ₹2464+ for fresh seller emergence)
⚠️ Invalidation Below:
Bullish bias invalid if price closes below ₹2,395 with strong volume and momentum.
________________________________________________________________________________
⚠️ Disclaimer:
This post is for educational purposes only.
STWP is not a SEBI-registered advisor.
This is not a buy/sell recommendation.
Please consult your financial advisor before trading.
STWP is not responsible for any trading outcomes.
________________________________________________________________________________
💬 Found this helpful?
Drop your thoughts in the comments ⬇️
🔁 Share this with fellow traders
✅ Follow STWP for zone-based price action & option chain insights
🚀 Let’s grow awareness for structured & patient trading!
________________________________________________________________________________
🕒 Chart Type: 15-Minute
📆 Date: July 3, 2025
________________________________________________________________________________
🔍 What’s Catching Our Eye:
ASIANPAINT saw a sharp intraday rebound from its marked demand zone at ₹2405–₹2397.50, with price closing near ₹2,430.90. The reversal occurred on higher volume and in the presence of long build-ups across multiple Call strikes. This suggests institutional interest and a potential shift in short-term sentiment.
________________________________________________________________________________
📌 What We’re Watching For:
The key observation is that ASIANPAINT respected its demand zone and bounced with strength. If the price sustains above ₹2,440, it could trigger continuation toward the top range of ₹2,464.40. On the downside, any failure to hold the demand zone may bring back pressure toward ₹2,400. Option chain data supports the bullish bias, with fresh long positions across ATM and OTM calls.
________________________________________________________________________________
📊 Volume Footprint:
Today’s volume was 1.55M, higher than the previous 1.36M, signaling strong participation during the bounce. A continuation move with volume > 1.5M may validate breakout setups.
________________________________________________________________________________
📈 Option Chain Highlights:
The 2,500 CE, 2,460 CE, and 2,440 CE all witnessed strong long build-ups, confirming bullish positioning. Even the deep OTM 2,600 CE showed healthy open interest increase. Meanwhile, 2,400 PE showed short build-up, suggesting put writers are confident that the ₹2,400 level will hold. Notably, 2,400 CE also saw short covering, adding further weight to the bullish narrative.
________________________________________________________________________________
🔁 Trend Bias:
🟢 Bullish above ₹2,440, especially if volume confirms a clean move
________________________________________
🧠 Trade Logic / Reasoning:
The bounce from demand was technical and backed by derivatives activity. The presence of long build-ups across multiple Calls and the short covering at 2400 CE suggests strength. Since price closed above key EMA zones and respected the lower boundary, it builds a solid case for an upward move, unless volume suddenly drops or a fresh supply emerges.
________________________________________________________________________________
📍 Important Levels to Mark:
🔺 Top Range Resistance: ₹2,464.40 – Watch for bullish breakout or reversal candlestick
🔻 Bottom Range Support: ₹2,326.10 – Deeper support; unlikely to come into play unless 2400 breaks
________________________________________________________________________________
🎯 Trade Plan (Educational Purpose Only):
✅ Best Buy (Cash/Futures):
Buy above ₹2,440 with bullish price action and volume confirmation. Reversal from the demand zone is valid as long as price holds above ₹2,405.
✅ Best Sell (Cash/Futures):
Sell only below ₹2,405 if the price breaks the demand zone with high volume and bearish structure. Downside may open toward ₹2,380–₹2,360.
💼 Best CE to Long:
2,440 CE or 2,460 CE – Both strikes show strong Long Build-Up; ideal for directional continuation above ₹2,440.
📉 Best PE to Long:
2,400 PE – Consider only if price breaks and sustains below ₹2,405 with heavy volume and weak candle close. Risk-reward turns favourable for downside hedging.
🟢 Demand Zone: ₹2405.10 – ₹2397.50 | SL: ₹2395.50
🔴 Supply Zone: Not clearly visible yet (watch ₹2464+ for fresh seller emergence)
⚠️ Invalidation Below:
Bullish bias invalid if price closes below ₹2,395 with strong volume and momentum.
________________________________________________________________________________
⚠️ Disclaimer:
This post is for educational purposes only.
STWP is not a SEBI-registered advisor.
This is not a buy/sell recommendation.
Please consult your financial advisor before trading.
STWP is not responsible for any trading outcomes.
________________________________________________________________________________
💬 Found this helpful?
Drop your thoughts in the comments ⬇️
🔁 Share this with fellow traders
✅ Follow STWP for zone-based price action & option chain insights
🚀 Let’s grow awareness for structured & patient trading!
________________________________________________________________________________
📊 STWP | Mentor | Demand & Supply Specialist
🎯 Helping you become a self-reliant & independent trader
🎓 Learn more: simpletradewithpatience.com
📲 WhatsApp: wa.me/919987567889
🔍 Trade with Clarity. Learn with Patience.
🎯 Helping you become a self-reliant & independent trader
🎓 Learn more: simpletradewithpatience.com
📲 WhatsApp: wa.me/919987567889
🔍 Trade with Clarity. Learn with Patience.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 STWP | Mentor | Demand & Supply Specialist
🎯 Helping you become a self-reliant & independent trader
🎓 Learn more: simpletradewithpatience.com
📲 WhatsApp: wa.me/919987567889
🔍 Trade with Clarity. Learn with Patience.
🎯 Helping you become a self-reliant & independent trader
🎓 Learn more: simpletradewithpatience.com
📲 WhatsApp: wa.me/919987567889
🔍 Trade with Clarity. Learn with Patience.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.