ASIANPAINT trade ideas
reversal setup stock has made bottom and reversing upside good time for investment
can see upside momentum
Asian Paints at buy rangeRR : 3
Disclosure : I am not SEBI registered. The information provided here is for education purposes
only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor before taking any decisions
Time to long Asian paints.Looks like the bottom for asian paints. Next stop is recent highs for sure.
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!
Asianpaint - BullishFor quite some time price is within a channel with strong support and resistance lines. right now price seems to be taken support and rising up. 10% upside is seems to be possible in 1 to 3 months.
Asian Paints: 39% upmove possible➡️Lowest P/E in 5+ years
➡️Same price as 2021
➡️Highest ever sales and EPS (hoping for trend following results)
Asian Paint short termlook like 1 ansd 2 is done enter in wave 3 ( 1- 2 ) . Expecting 3080 first target . Recent high is important for long .
below 2865 need to check or SL
ASIAN PAINTS LTDAsian 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
ASIANPAINTS - HEAD AND SHOULDER PATTRENAsian Paints very attactive price levels, valuation comport compared other peers. any positive news triggers the stock. we can go long in this stock
ASIAN PAINTS : TARGET - Rs 1900 UPWARD MOVEMENTIf the Asian Paints Shares see significant resistance at the 2800 levels, we can expect a positive upward trend up to the Rs 2900 levels, where significant resistance is seen. For past few weeks Asian Paints is in accumulation phase and can expect upward movement in upcoming weeks .
Asian Paints Intraday Bullish for 29th April above 2856Downward range ended
Bottom 3 rejected at strong support level
About to cross 200 EMA
Strong 2 bullish candles for closing day
Stoch bounced from oversold
Entry-Above 2856
Target- 2876(16 Points)
Stop- 2844(12 Points)
ASIANPAINT 1:8.8 RR Trade set up1. Trend: Sideways
2. Set up: Reversal from support zone
3. RR: !:8+ RR
4. 1 Year consolidation zone, it could be re accumulation or could be distribution, will know after breakout or break down.
5. For now can trade in sideways zone
Asian paint long positionReversed from buy zone: boring candles
Knoxville indicator suggestive of buy.
Moving average already in buy zone
Opportunity or Trap (Risk with Reward)M formation of chart.
Looks like confirmation of a consolidation, but also open for a downfall .
Better do scalping in 15 minutes candle.
Asian Paints_LongAsian 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 Total Income of Rs 8,723.30 Crore. Company has reported net profit after tax of Rs 1,427.28 Crore in latest quarter.
Close to 52W low level.
ROE/ROCE>25, Healthy Dividend Payout
Promoter holding>50, FII/DII>10, Public holding<20
Asian paints 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
[Positional] Asian Paints Channel ReboundAs mentioned in the chart
Entry at 2900
Stop Loss at 2775
Target 3400
Asian paints - How to trade tomorrow
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
Bullish Divergence formation in Asian Paints.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 only. Take advise from your financial adviser before investing.
Asian Paints - How to trade today
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.
Asian Paints - Stock to buy today
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 - How to trade
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.
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 or losses.
Thank you
