ASIAN PAINTS - 30% PROFIT OPPORTUNITY COMING SOON! - LONG

Aug 6ASIAN PAINTS

1. Trading between the price zones 2663 and 3550 since May 2021. This gave a good opportunity for a swing trade with a 33% profit stretch
   
2. Strong rejections at 3550 during Sep 2021, Jan 2022, Aug 2022, Sep 2022, Jul 2023,
   
3. Taken good support near 2660s during Mar 2022, Jun 2022, Jan -Apr 2023, May 2024
   
4. From Dec 2023 the price is not able to touch the 3550 range - but returned down from the 3400 range. This shows the stock is weak from Dec 2023 till today.
   
5. It forms a down-side triangle pattern. Unless it breaks out the triangle pattern it won't touch the resistance zone 3550
   
6. Considering the current global market situation, there are chances it may come down to the support zone and create a buying opportunity
   
7. Buy Zone: 2663-2820
   
8. Target 1: 3036 (13% - 15%); Target 2:3550 (30-33%)
   

Trade and Invest Wisely with your knowledge! Good Luck!

You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks.

**Disclaimer:
I am NOT a SEBI registered consultant/Advisor (nor any country-authorized board registered consultant/Advisor). It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or recommendations on stock/Forex/Coin buying or selling.
Please do your research and consult with your financial advisor before taking any action.
I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.