Asian Pains is at support of trendline near 2800 on a monthly time frame and having resistance at around 3400. RSI is around 45. Bullish divergence is formed on chart.
Fundamentals of company:
ROCE - 34.37
ROE - 27.74
PE / Industry PE - 51.32 / 46.21
Company is fundamentally strong and can accumulate for long term.
Disclaimer : This is for education purpose...
ABOTTINDIA is taking good support on 200 EMA in a daily timeframe, also the monthly timeframe RSI looks very strong.
Entry: 23180
Target: 25007
Stop Loss: 22090
This is my first Idea shared on the Trading View platform.
Wish me Luck
