Asian Paints Target as per Elliott wave

27 Jun

Buy Asian paints at 2845 with a stop loss of 2818, that must be last down move and from here it is bound to move beyond 3200 at least..

at 2845 wave 1, 2 are supposed to finish for new impulsive wave series and then wave 3 must be 360+ points at least from 2844

** Please take any trade at your own risk, this is my analysis and sharing in case if goes right and others can get benefit but I might go wrong too, nothing is certain in stock market :)

27 Jun

Trade aktif

Bingo : 2845 was the day low and then script ran more than 65 points to cross 2900. But there is something wrong with what happened today the correction phase is not over yet and with that I guess the stock will come down 1 more time below 2844.

If not and anyone has made position then keep trailing stop loss as stock moves upward.

27 Jun

Catatan

I expect the stock to come in the range of 2800-2840 one more time and this must be last time before it start flying higher, let's see.
If it doesn't then I might have miscalculated the waves.

3 Jul

Catatan

Stock is slowly moving up and that means still there is resistance left on upside. If it struggles to cross 2900 then 1 last leg of correction can take place little below 2845 so keep trailing stop loss and in case of correction making position at lower level will be better strategy.

10 Jul

Catatan

3000 crossed today, a gain of 150+ points so far

11 Jul

Trade aktif

Asian Paints seems to be in wave (iii) of wave 3 which is supposed to be longest + strongest so far the half looks strong and there might come another wave to take it towards 3100-3200 range.

13 Jul

Catatan

Long term analysis of Asian Paints, this short Term view is also covered

31 Jul

Catatan

~3100 almost came and 3200 is not far, this was a call from short term perceptive and it went really well.

7 Agu

Catatan

3148 has come since the call given and still holding strong but it might remains sideways for few more days before it shift upwards but holding above 3050 on closing basis is important