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ASIAN PAINTS LTDASIAN PAINTS LTDASIAN PAINTS LTD

ASIAN PAINTS LTD

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ASIANPAINT trade ideas

NSE ASIANPAINTS - At the Edge of Kinfe Timeframe: Daily NSE ASIAN PAINTS has been undergoing a corrective phase for about 80 weeks, with its price confined within a range of 3329 – 2938 , excluding excesses. The ADX indicator has declined to 21, while the average true range (ATR) stands at 43. Presently, the price has breached the 20-day exponential moving average (EMA) and is trading below the 50, 100 , and 200 EMAs. According to the wave principle, the price has formed a corrective formation A-B-C. Wave (B) occurred at 3422.9 , and wave (C) has taken place. Wave (C) has already reached 100 % of wave (A), indicating equality between wave (A) and wave (C). Sub-wave 4 of wave (C) is expected to occur, followed by wave 5 of wave (C). A buying opportunity may arise if the price breaks above the wave A – C line and maintains levels above 2931. Targets for the Long position would be 3026 – 3152 – 3285+. We Will update further information soon.
NSE:ASIANPAINT
by forextidings
6
AsianPaints | Wyckoff Events & Phases Explained !!Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases Price Action Analysis And this is the accumulation stage - 1) PS— Preliminary Support, where substantial buying begins to provide pronounced support after a continued down-move. - Volume increases and price spread widens, signaling that the down-move may be approaching its end. 2) SC—Selling Climax, the point at which widening spread and selling pressure usually in high point and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. - Often price will close well off the low in an SC, reflecting the buying by these large interests. 3) AR—Automatic Rally, which occurs because intense selling pressure has greatly decline. - A wave of buying easily pushes prices up. - The high of this rally will help define the upper boundary of an accumulation. 4) ST—Secondary Test, in which price revisits the area of the SC to test the supply/demand. - If a bottom is to be confirmed, volume and price spread should be decline as the market approaches support in the area of the SC. - It is common to have multiple STs after an SC. 5) SOS—Sign Of Strength, a price advance on increasing spread and relatively higher volume. 6) LPS—Last Point Of Support, the low point of a reaction or pullback after an SOS. 7) BU/LPS- Backing up to an LPS means a pullback to support that was formerly resistant, on diminished spread and volume. All the phases of accumulation stage- Phase A: Phase A marks the stopping of the prior downtrend. -- Up to this point, supply has been dominant. -- The approaching cutback of supply is evidenced in preliminary support (PS) and a selling climax (SC). -- A successful secondary test (ST) in the area of the SC will show less selling than previously and a narrowing of spread and decreased volume, generally stopping at or above the same price level as the SC. -- If the ST goes lower than that of the SC, one can anticipate either new lows or prolonged consolidation. -- Horizontal lines may be drawn to help focus attention on market behavior, as seen in the two Accumulation Schematics above. Phase B: -- Phase B serves the function of “building a cause” for a new uptrend -- In Phase B, institutions and large professional interests are accumulating relatively low-priced inventory in anticipation of the next markup. --There are usually multiple STs during Phase B' -- Institutional buying and selling impart the characteristic up-and-down price action of the trading range. --Early on in Phase B, the price swings tend to be wide and accompanied by high volume. Phase C: -- It is in Phase C that the stock price goes through a final test of the remaining supply. -- this marks the beginning of a new uptrend, trapping the late sellers (bears). -- It indicates that the stock is likely to be ready to move up, so this is a good time to initiate at least a partial long position. -- The appearance of an SOS shortly after a spring or shakeout validates the analysis. Phase D: --During Phase D, the price will move at least to the top --LPSs in this phase are generally excellent places to initiate or add to profitable long positions. Phase E: --large operators can occur at any point in Phase E. --These are sometimes called “stepping stones” on the way to even higher price targets. -------------------------------------------------- Regards, Revive Traders ------------------------------------------------ Guys check out the related POST as well, it went FANTASTIC ! 🙏FOLLOW for more ! 👍LIKE if U find it useful ! ✍COMMENT your views & feedback !
NSE:ASIANPAINTLong
by ReviveTraders
1
Asianpaints: Ride the short-term Momentum September 4, 2024 On Sep 4, 2024, Asianpaints crossed the Fib 61.8% mark. This sudden surge is attributed to the drop in crude prices, which brings down the cost of raw materials required to make paint. However, since May 2024, Asianpaints has been following the higher high – higher low pattern, which shows that the stock is gaining strength. If Asianpaints manages to hold the 61.8% level with good volume, we could see it moving up and hitting the 78.6% Fib level. After crossing the 61.8% mark, if the price retests the 61.8% level and closes above the previous swing high on a 1-hour candle, then too there is a high possibility of it moving to touch the 78.6% Fib level. An hourly candle closing below 61.8% level with momentum and high volume would be a signal to exit. Share the name of the stock you're interested in, and we'll be more than happy to conduct a thorough analysis for you. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:ASIANPAINT
by WaveMoku
6
Asian Paint Stock Weekly Analysis NSE:ASIANPAINT stock near demand zone and also near 200 EMA. From this level we can expect a reversal, if this zone break then we can see a huge downfall. On RSI stock is also all time support zone from the last 25 year from this zone we can witness the reversal on the RSI indicator, so on RSI we can also expect reversal from the upcoming months. After Quarterly result we can expect upside movement in stock(only if it sustain above demand zone and give the strong closing above the mentioned zone) This stock had a tendency it always the break the support zone(always Hit the SL) and after that gives the strong reversal so even now we can expect the same behavior.
NSE:ASIANPAINT
by Equalbucks
5
Asian Paints - Bullish Signals Asian Paints - Bullish Signals Fundamentals MCAP- 303418Cr PE - 60 > Induustry PE of 53 PEG Ratio is 2.91 Debt to Equity is 0.13 and ICR is 33 ROE is 31%, ROCE is 37% ( 5yr ROCE is 33%) Sales growth is 1%(stagnant), 5yr Sales growth is 13% Profit Growth is 9%, 5yr Profit growth is 20% Promoter holding is rock solid , 52-53% Latest results - Slightly below estimates Technicals CMP - 3170 Bullish - Above EMA 9, 21,63, 200 EMA 63 is just below EMA 200. Expect it to crossover soon. As seen in charts 3550-3600 is acting as resistance and the stock has failed to cross this level 3 times so far. 2700 is major support. It has bounced back from this level 3-4 times in the last 2 years. Stock is trading in the range of 2700-3600. With EMA 63 poised to cross EMA 200, I expect the stock to touch 3550 levels in the next few months. Target : T1, As per Technicals = 3550 T2 = 4500, If 3600 is breached Disclosure 1 - Invested Disclosure 2 - Not SEBI Registered Disclosure 3 - This is Not investment advice. Treat it as educational
NSE:ASIANPAINTLong
by harishnarayan2579
Asian Paints Breakout TradeHi mates, Sharing an idea for Asian paints on daily chart i hope you will like my work and idea so let's start quickly as we can see that price was consolidating in a parallel channel from last many month and recently price broke that channel and came out so we can consider it's a parallel channel breakout and it seems that price keenly want to go till marked resistance target as today it broke a recent swing high resistance and close above which it made after channel resistance breakout for my this trading idea below channel resistance close seems a good support, That's it don't want to stretch the description much as everything already clearly mentioned on provided chart. Thanks for reading and please don't forget to like if you like. This Publication is for only learning purpose, please don't consider this as a trading advice. Best Regards- Amit
NSE:ASIANPAINTLong
by AMIT-RAJAN
7
Asian Paints and Correlation between real estatefundamental logic- Any construction need painting even if realestate becomes dull if they want to sell old building they repaint if for marriage and functions people re-paint even we can see schools and colleges also time to time they repiant so consolidation of price will not be much longer and there is high probability that it can see upward rally technically- We can see price is range bound and can seen as channel below med line its a buy zone above mid line is hold zone above top line can see a good rally simply 2600-3000 can sip and can keep adding aboce 3000-3400 can hold above 3400 hold still it breaks 200 day Moving average disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
NSE:ASIANPAINTLong
by techno_funda_guy
Asian Paints - Range Bound StrategyCMP - 3048 TGT - 3582 ⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️ Description: A range-bound trading strategy refers to a method in which traders buy at the support zone and sell at the resistance zone for a given stock. If price has bounced back multiple times from support and corrected multiple times from a particular resistance zone, this creates a good range to trade. Typically, traders use range-bound trading in combination with other indicators, such as RSI or MACD
NSE:ASIANPAINT
by Imran_I_Ahmed
ASIAN PAINTS - INVERTED HEAD AND SHOULDER PATTERNThe stock has given breakout of INVERTED HEAD AND SHOULDER pattern & Retested on the daily chart. One can enter above 3054 with a strict Stoploss of 2970 Target 1 - 3200 Target 2 - 3280 Target 3 - 3360 #SWINGTRADE #FUNDAMENTALLY STRONG STOCK What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:ASIANPAINTLong
by JJJ-555
2
ASIAN PAINTS - INVERTED HEAD AND SHOULDER PATTERNThe stock has given breakout of INVERTED HEAD AND SHOULDER pattern & Retested on the daily chart. One can enter above 3054 with a strict Stoploss of 2970 Target 1 - 3200 Target 2 - 3280 Target 3 - 3360 #SWINGTRADE #FUNDAMENTALLY STRONG STOCK What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:ASIANPAINTLong
by JJJ-555
ASIAN PAINTS 30% UPSIDE!NSE:ASIANPAINT ASIAN PAINTS (D) Analysis Date: 16/08/2024 Time Frame: 1D CMP: 3025 Key Levels: Support: 2840, 2850 Resistance: 3145, 3320, 3423, 3582 Bullish Outlook: Buying Range: 3000-3060 Add More Till: 2850 Targets: 3145, 3320, 3423, 3582 Stop Loss: 2840 Conclusion: Consider entering between 3000 and 3060, with potential to add more positions till 2850. Watch for target levels to manage your trade effectively. Disclaimer: This is not financial advice. Please do your own research.
NSE:ASIANPAINTLong
by ThirstyBull