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 trade ideas
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_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 - 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
Asian Paints - How to trade
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.
Asian Paints - How to trade on 26=03-2024
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