ASIAN PAINTS LTDLong
ASIAN PAINT LTD : BOTH SHORT AND LONG TERM TRADE
Asian Paints Ltd does not need any introduction. With Market Cap of 2,69,000 Cr and a legacy of pre -independence foundation in 1945, the stock is all time favorite for for both retail and Institutional buyers.
Currently the stock has just reversed from its downtrend and stands @ 2833.60.
The chart has already tested the support @ 2820.10 which is our stop loss for this trade.
One can enter this trade anytime now as it has crossed below the neck of reversed HEAD AND SHOULDER pattern.
Out Targets would be 2913.50 , 3000 , 3254 and 3450 .
It is both for short term trading as well as Long term hold as the stock is in uptrend in Higher Time frame ( Monthly )
RSI is crossing level of 50 in uptrend
High Volume seen in recent trading days.
We will definitely see Golden Cross over within next 3 weeks.
A good opportunity to add this stock in your portfolio.
Please keep boosting my study and analysis , it is helping me a lot.
Good Lock !!!
Currently the stock has just reversed from its downtrend and stands @ 2833.60.
The chart has already tested the support @ 2820.10 which is our stop loss for this trade.
One can enter this trade anytime now as it has crossed below the neck of reversed HEAD AND SHOULDER pattern.
Out Targets would be 2913.50 , 3000 , 3254 and 3450 .
It is both for short term trading as well as Long term hold as the stock is in uptrend in Higher Time frame ( Monthly )
RSI is crossing level of 50 in uptrend
High Volume seen in recent trading days.
We will definitely see Golden Cross over within next 3 weeks.
A good opportunity to add this stock in your portfolio.
Please keep boosting my study and analysis , it is helping me a lot.
Good Lock !!!
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