VALUE INVESTING - ASIAN PAINTS - MEDIUM TO LONG TERM OUTLOOKSymbol - ASIANPAINT
Asian Paints is the largest home decor company in India. The 80+yr old company has major brands like Asian Paints, Berger, Apco, etc under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC windows.
Asian Paints stock is currently trading at a relatively low valuation, making it an attractive investment pick for value investors. The stock has already fallen 36% from its ATH, which is notable. Large-cap industry leader companies generally do not see corrections of more than 40%, suggesting that the stock could be nearing a solid support zone and presenting a good opportunity for long-term investors.
From a fundamental standpoint, Asian Paints has strong profitability metrics and maintains robust fundamentals, which supports the case for a potential recovery. Despite the recent downturn, the company's strong market position in the paints industry and consistent financial performance provide confidence in its ability to navigate through this correction.
While the stock has faced downward pressure, these factors suggest that it could be an appealing pick for investors looking for value, especially at these lower levels. As the stock is currently undervalued, the downside risk appears limited, and the probability of a reversal or consolidation at these levels increases.
In the short term, any further drops may find support around lower price levels, but given the company's solid fundamentals, a bounce back remains highly likely over the medium to long term. Entry, SL & Target levels are indicated on the chart.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
ASIANPAINT
#SHALPAINTS 124 TGT 150 #ASIANPAINT #BERGEPAINT #INDIGOPNTS #ITCSHALPAINTS 124
TGT 150 / 175
NSE:SHALPAINTS
CPM 124
TGT 150 (20%) // 175
SL 112
RR > 2
TF < 6M
Trading Charts Candlesticks Patterns Technical Indicators
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Asian Paints - Contractions about to endPost result fall and dividend announcement stock has been trending sideways for approximately a month
As we can see a perfect VCP pattern formation is in the play
Upside small resistance at 2470 & 2500
Downside small supports at 2450 & 2420
Any side break and retest will further decide the path for the stock in coming days
Asian Paints Crucial levelsPlease start accumulating asian paints at green line level and keep the previous low as the stoploss. Important levels are marked in the charts and also you are aware on how to trade the parallel channels.
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#ASIANPAINTS #ASIANPAINTSANALYSIS.AsianPaints was in complex correction since 3rd Jan'22 & breakout out of this range will give us a 1000 point upmove which somewhere falls in btw 4500-4600 level. Complex correction is complete & we can see volume spikes & on lower time frame we can see bullish divergence.
NSE ASIANPAINTS - At the Edge of Kinfe Timeframe: Daily
NSE ASIAN PAINTS has been undergoing a corrective phase for about 80 weeks, with its price confined within a range of 3329 – 2938 , excluding excesses. The ADX indicator has declined to 21, while the average true range (ATR) stands at 43. Presently, the price has breached the 20-day exponential moving average (EMA) and is trading below the 50, 100 , and 200 EMAs.
According to the wave principle, the price has formed a corrective formation A-B-C. Wave (B) occurred at 3422.9 , and wave (C) has taken place. Wave (C) has already reached 100 % of wave (A), indicating equality between wave (A) and wave (C). Sub-wave 4 of wave (C) is expected to occur, followed by wave 5 of wave (C). A buying opportunity may arise if the price breaks above the wave A – C line and maintains levels above 2931. Targets for the Long position would be 3026 – 3152 – 3285+.
We Will update further information soon.
Asian Paint - Rounding Bottom PatternAsian Paint is about to complete the formation of Rounding Bottom.
Rounding Bottom pattern will activate only after the breakout of the Neckline - 3040 level
Rounding bottom chart pattern is a bullish reversal pattern which is formed at prior intermediate support level and hold this level from 2021.
Long trade will initiate only after the neckline breakout.
Stop Loss would be the prior swing low before breakout.
First target would be the depth of the bottom pattern, Calculate depth and add the depth from the neckline level
Asianpaints Entry, Target EXPLAINEDAsian paints has been downtrending and consolidating for a while. A breakout has been observed from the consolidation along with positive divergence in momentum. Therefore we can expect the trend to change.
Current entry is 3000-3005, target 3060, Stoploss 2970
This trade is recommended with a 1:2 RRR
Happy Trading
Yamini Prabu
NSE&NISM Certified TA
Indenpendent Trader/Trainer
I am not SEBI Regd
Only for educational purpose.
BUY ASIANPAINTS AROUND 3000Asianpaints again taken a support from previous demand zone and expected an upmove towards 3280 odd levels until 2900 is intact on the downside closing basis.
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InvestPro India
Head and shoulder in Asian paintA very nice and bullilsh pattern has formed in Asian paints at a support level. This is the classic head and shoulder pattern and the price is just breaking out from the neckline. The target is the depth of the pattern but it is possible that we see a lot more rally. In what has been a weak market it is good to see a bullish breakout.
Asianpaint Correction StructureAsian Paint either in abcde or abc correction.
Right now, price is sustaining above support range. If sustains and move Higher High, then MAYBE it will go near 3230.
If the price, go south and inside the range zone then it should have to retest the resistance of range zone and then Lower Low. Target will be near 3080/-
Asian Paints near a break down.Asian Paints has been taking support from the 200 ema on the daily charts and is trading between both the moving averages.
The stock closed below the weekly 20 ema and today test the level and closed almost flat.
If the market remain in a bearish trend, there can be a short trade in the stock as it has test the support levels many times.
Entry :- Below 3150
Targets :- 3090, 3048
The stock today tried to move up but slowly came down and closed near the support levels of 3150.
Asian paints has been trading below both the moving averages on the hourly and 15 minutes charts.
Positional and swing trade can be initiated in the stock as it may take 2-3 days in hitting the targets.
Wait for the price action near the levels before entering the trade.
Asian paints following the Index bullish move.Asian paints after consolidating in a parallel channel has given a break out of the zone and closed above the box.
The stock on the daily time frame has closed above both the moving averages.
For the intraday trade, the stock has formed a flag and pole pattern on smaller time frame. On hourly time frame, the stock has given a close above 20 and 200 emas.
3 point confirmation.
1. Break out on daily time frame of the consolidation zone.
2. Closed above both the daily moving averages.
3. High volumes than the previous day.
Asian paints ltd is a high weightage stock in Nifty index and can follow the bullish trend of the market.
Target :- 3185, 3240
Stop loss :- Close below 200 ema(hourly time frame).
Wait for the stock to retest of the consolidation zone and price action near the level before entering the trade.
Both intraday and swing opporunity can be initiated once the stock closes above the flag and pole pattern.
Asian paints forming flag and pole pattern.Asian paints on the daily time frame is forming a bearish flag type of pattern.
The stock has been consolidating in a parallel channel.
There is a bearish moving averages cross over and stock price is taking rejection form the 20 ema.
3 point confirmation.
1. Bearish flag on daily time frame.
2. Bearish moving average crossover.
3. 50% fibonacci level rejection.
Asian paints is forming a nice pattern. Let the stock give a break down and close outside the consolidation zone.
Target :- 3045, 2981
Stop loss :- 20 ema on daily time frame.
Wait for the price action near the levels and enter only after the stock break down of the consolidation zone.