ASIAN PAINTS LTD
Long
Updated

Asian Paints | long in the long run

The scrip has corrected significantly and probably bottoming out around 2700.
Upon breaking the trend line , long can be initiated. SL will be 2675. Hedges can be placed on target and SL to optimize returns

As per chart patterns, the stock should reach
Target 1 : 3000
Target 2 : 3150-3200
SL: 2675
Note
Good to book 30% around 2850
Note
booked 80% around 3300, remaining to hold for long term

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