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Asianpaintsanalysis

ASIAN PAINTS - POSITIONAL SWING TRADE IDEA IN CASHSYMBOL - ASIANPAINT Asian Paints is the largest home decor company in India. The 80+ year 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 is currently trading between two major supply and demand zones since a long time. CMP of Asian paints is 2700 & It is approaching demand zone on weekly basis. I'm seeing a positional trade opportunity on buy side. I usually trade in futures but this time I'm taking this trade in cash as general elections are due in June which is a major event for market makers. Current PE of Asian paints is 46 which makes it a value buy at CMP. I'm investing 50% allocation today at CMP 2700. I'll invest 50% more at 2580-2600 levels & will hold this position with 2500 as SL. Targets I'm expecting on long side will be 2950 - 3220 - 3410 & new ATH. I'm ready to hold this trade for 3 - 6 months. 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!
NSE:ASIANPAINTLong
by akshit_official
ASIAN PAINT NSE By KRS ChartsDate: 11th July 2024 Time: 9:00 PM Why ASIAN PAINT? 1. Stock is Extremely Bullish when it comes to overall view from the beginning. But from Sep 2021 , its range-bound between 2650 to 3550 Rs. 2. Here Range Bound movement creating Tringle Chart Pattern . Furthermore, that chart pattern's wave count ABCDE is finished with 2670 Rs low. 3. Also, Bullish Divergence in Monthly TF is clearly visible so when it comes to breakout, its likely to break upside resistance rather than downside support. So, We can Long ASIAN PAINT with SL of 2670 Rs . for Medium to Long Term.
NSE:ASIANPAINTLong
by KRSCharts
ASIAN PAINTS - 30% PROFIT OPPORTUNITY COMING SOON! - LONGASIAN PAINTS 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 Strong rejections at 3550 during Sep 2021, Jan 2022, Aug 2022, Sep 2022, Jul 2023, Taken good support near 2660s during Mar 2022, Jun 2022, Jan -Apr 2023, May 2024 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. It forms a down-side triangle pattern. Unless it breaks out the triangle pattern it won't touch the resistance zone 3550 Considering the current global market situation, there are chances it may come down to the support zone and create a buying opportunity Buy Zone: 2663-2820 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.
NSE:ASIANPAINTLong
by pmosesoliver
3
Asian Paints Ltd - Breakout OpportunityDate : 5-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 2,961.75 Targets: (1) Rs. 3,180 --> (2) Rs. 3,308 --> (3) Rs. 3,423 --> (4) Rs. 3,590 SL : Rs. 2,777 on daily close basis Technical View: • Since Apr-2021, NSE:ASIANPAINT is moving sideways between 2,560 and 3,590. It was recently going through it's secondary downtrend. • After touching the high of 3,422.95 on 29-Dec-2023, it has retraced 22% to 2,670.10 level. • On 5-Jun-2024, NSE:ASIANPAINT has broke out from its secondary down trend with higher than average volume. • NSE:ASIANPAINT has also closed above 20 DMA, 50 DMA and 21 DEMA on 5-Jun-2024. Very close to cross the 200 DMA. • RSI has formed bullish cross over and trading at 61.23. MACD is in buy zone and trading at 11.65. • Both MACD and RSI has formed positive divergence indicating trend reversal and bullish momentum. • Looking strong to start a new swing from here. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Ideas are published for learning purpose only.
NSE:ASIANPAINTLong
by vicky252
ASIAN PAINTS - DOUBLE BOTTOM LONG ENTRY - POSITIONAL TRADESymbol - ASIANPAINT Asian Paints is currently trading at 2822 2780 - 2830 is a good support area for Asian Paints. I'm seeing a trading opportunity on buy side. Buying Asian Paints Futures at CMP 2822 I will be adding more if 2785 comes & hold with SL of 2760 Targets I'm expecting are 2915 - 3015 - 3140 & beyond. 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!
NSE:ASIANPAINTLong
by akshit_official
10
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.
NSE:ASIANPAINT
by Mambotrade