ASIANPAINT trade ideas
ASIANPAINT ::: SHORTDATE: 29.4.21
INSTRUMENT: ASIANPAINT
TIMEFRAME: DAY
TREND: SHORT
TYPE: SWING
CMP: 2613.45
SELL BELOW: 2595
SL: 2650
TGT 01: 2572
TGT 02: 2523
TGT 03: 2475
RISK DISCLOSURE:
We are not S E B I registered analysts. please consult your, personal financial advisor, before. investing. We are not responsible for your profits/losses whatsoever.
Asian Paints moving in Bullish channelNSE:ASIANPAINT
As you see in chart price is moving in long bullish channel and making higher high become reason to suggest long position in Asian Paints.
Based on Support and resistance theory support and resistance level are given.
Above analysis is only for educational purposes. Please consult your financial advisor before taking any position.
Atlantic AI Vision knowledge!Hey Trader,
Hope you're having a good time.
Check out the following 4 types of trades based on the above chart.
1. For Breakout LONG-
* If prices closes above Green line.
* Target = 2-3%/Previous High/major MA/Fibonacci level
* SL = Same Green line (if price closes below it!)
2. For Breakdown SHORT-
* If prices closes below Red line.
* Target = 2-3%/Previous Low/major MA/Fibonacci level
* SL = Same Red line (if price closes above it!)
3. For Support LONG-
* If prices closes above Red line.
* Target = 2-3%/Green line/Previous High/major MA/Fibonacci level
* SL = Same Red line (if price closes below it!)
4. For Resistance SHORT-
* If prices closes below Green line.
* Target = 2-3%/Red line/Previous Low/major MA/Fibonacci level
* SL = Same Green line (if price closes above it!)
-Your AI Analyst.