Symbol - 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...
NSE:ASIANPAINT stock near demand zone and also near 200 EMA. From this level we can expect a reversal, if this zone break then we can see a huge downfall.
On RSI stock is also all time support zone from the last 25 year from this zone we can witness the reversal on the RSI indicator, so on RSI we can also expect reversal from the upcoming months.
After...
Asian Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes & Black, Other Operating Revenue and Sale of services for the year ending 31-Mar-2023.
For the quarter ended 31-12-2023, reported a Consolidated Total Income of Rs 9,241.67 Crore, up 6.92 % from last quarter Total Income of Rs 8,643.77 Crore and up 5.94 % from last year same quarter...
Chart setup favour of long position trade
Risk Reward very good
Technically price sustain these level & lower high, higher high formation is created on chart.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations
Asian paints Looks like bottoming out.
ADX about to get a positive divergence and already fell from 50 level
RSI above 50
BUY on dips with a SL of 2770, for the target of 3040 and 3230
CHART & ANALYSIS
ADARSH DEY
It has good consolidation breakout in 2hr timeframe. Keep accumulating it for the good higher target if sustains on the given levels. Keep trailing SLs as per your needs.
Please read the notes as mentioned on the chart.
Disclaimer: I am not a SEBI Registered Analyst. It is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Thank you
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...
Buy only if opening is above yesterday's low or after opening, it crosses yesterday's low.
Please read the notes as mentioned on the chart.
Disclaimer: I am not a SEBI Registered Analyst. It is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a registered analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Asian Paints has made two upwards swings and for the third swing has made to ABC formations but on the third, it has made a to b and stuck up at top; so may come back for formation of c and then 3 formations of ABC will be completed. Beware of Time candle 4-1-24 12:57 PM.
Please see the geometric presentations on the chart and read corresponding notes....
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses.
Thank you.
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a SEBI registered analyst and it is only for educational purposes. Please consult your financial advisor before making any decision.
It is only for educational purposes.
Please read the notes and check the geometric presentation on the chart and adhere to them.
Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. I will not be responsible for any of your profits or losses. Please consult your financial advisor before making any decision.
Let you grow. May! I follow you.
Thank you
In the Weekly Chart of ASIANPAINT ,
we can see that, it in in same range since 3 weeks.
Enter on breaking of Pinbar high with Low as SL.
Possible Momentums are shown in chart.
![ASIANPAINT: [Positional] Asian Paints Channel Rebound](https://s3.tradingview.com/u/u8uo2RhU_mid.png "[Positional] Asian Paints Channel Rebound")
