ASIANPAINT Support & Resistance for the dayHypothetical Example Based on Asian Paints (ASIANPAINT):
Let’s assume that we're analyzing the stock chart for Asian Paints (as of the latest available data). Below are example levels based on a typical technical analysis approach. Keep in mind that this is a general method, and real-time data might differ.
Support Levels:
₹3,200 - ₹3,300 (Strong Support):
If Asian Paints has been bouncing off this level several times over the past few months or weeks, this could be a strong support zone.
A break below this level could indicate a bearish trend.
₹3,000 (Psychological Support):
Round numbers like ₹3,000 often act as psychological support levels.
Traders might expect buyers to step in if the stock falls towards this price.
₹2,800 (Previous Low):
Previous lows often act as significant support levels. If the price tested ₹2,800 previously and bounced higher, it might act as support again.
Resistance Levels:
₹3,600 - ₹3,700 (Previous High):
If Asian Paints reached this price point before pulling back, this becomes a resistance level.
Traders would watch for price action around this zone, as it might face selling pressure.
₹3,800 (Next Psychological Resistance):
Prices often face resistance at round numbers. If Asian Paints approaches ₹3,800, it could face selling interest from traders.
₹4,000 (Key Resistance):
If the stock has previously failed to sustain above ₹4,000, then this level would be considered a strong resistance level.
ASIANPAINT trade ideas
ASIANPAINTS buy/sell?ASIANPAINTS monthly chart shows price is nearing channel lower side.
We need to see whether it takes support or breaks down longterm channel.
NOTE: Asianpaints seen-ve sales growth in Q2FY25. Its made some CAPEX, yet to see its result.
Paint Industry growth is down currently. Need to see how it grows Q3, Q4FY25.
Personally want to buy if i see any reversal near channel support. Lets see.
Check Indigo Paints in this Industry which i feel also a good player.
ASIANPAINT view for Intraday 12th DecASIANPAINT view for Intraday 12th Dec =
Resistance 535 Watching above 536 for upside movement ...
Support area 515 Below 530 ignoring upside momentum for intraday
Support 515 Watching below 514 or downside movement ...
Resistance area 535
Above 520 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
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ASIAN PAINTS FOR 50% GAINLeading company in the paints sector, Hit by the fear of new players coming in to the sector to disrupt the market, but the reality is The old player & the big player remains tobe the leader in the industry.
In the long term There's no sign of slowdown in the future.
Asian Paints, Indigo Paints, Berger Paints, Kansai Nerolac All are looking Lucrative .
Per capita paint consumption is very low compared to global average.
India's growth story for Upcoming decades looks Strong indicates a rise in the Paint consumption.
The leading company in the paints sector knows how to tackle competition.
The price is at support of multiple times.
Multiple patterns are in making on the longer time frame.
Asian paints is trading far below it's Average P/E of past 5 years.
Big Institutions and Mutual funds are buying at this price level.
Note: May have positions in the Stock and it's peers.
Asian Paints - Contractions about to endPost result fall and dividend announcement stock has been trending sideways for approximately a month
As we can see a perfect VCP pattern formation is in the play
Upside small resistance at 2470 & 2500
Downside small supports at 2450 & 2420
Any side break and retest will further decide the path for the stock in coming days
Asian Paints Crucial levelsPlease start accumulating asian paints at green line level and keep the previous low as the stoploss. Important levels are marked in the charts and also you are aware on how to trade the parallel channels.
If you like my analysis then please Boost, Follow and Share so that it keeps me motivated to work more hard and may the chosen ones be profitable.
asianpaintclearly someone is selling this stock in big quantity and making big exit.
stock is having distribution on daily chart and I don't rule out 2100
But pls be caution that wyckoff patterns takes lots of time and they are tough to trade considering the spikes in opposite direction of the trend.
Expectations from Asian Paints post Q2 FY 25Consolidated revenue stands at 8201 crores -5.12 % YOY and -10.13% QOQ
Consolidated earning at 693 crores -43 % YOY, -41% QOQ
Standalone revenue stands at 7050 crores -6 % YOY and -13% QOQ
Standalne earning 602 crores -48 % YOY, -49% QOQ
Personal View::
Not thinking of 48% decrease in share price to 1441 from 2772 (the traded price post Q1 FY 25, on 15 july 24).
The stock is bearish since sept 16 2024.
Expecting 2440-2525 to hold if coming week bearish momentum continue.
If open gap down below 2673 , -3.5% from last traded price ,possibility of downside move to 2525-2400 in the coming week
Asian paints Funda and 2021 to 2024 distribution TGT-below1600technically from 2021 to 2024 asian paints has seen distribution i think by now smart money has already exited
Asian Paints
last all quaters has profits around 1100-1200 cr
This quater 694 cr which is very massive dip in profits
current p/e 52
sector p/e 47
i think asian paints is now no longer market leader
so considering these profits constant for next three quaters also then
keeping P/e also constant at 50 stock fair price would be 1600 where eps is taken as 32 (Trailing Twelve months)
if pe also falls asian paints fair valuation comes around 900-1200 rupees Thats a lot of gap
fii hold 15%
others hold 8%
public around 18%
i think asian paints facing severe competition from
berger paints
grasim
indigo paints
sirca paints
mrf (also has paints )
and many other local players
Disclaimer- Just my view and opinion trade at your own risk not an investment advice
these are only for educational purposes
ASIANPAINT Trading Above Demand Zone of ₹2964.45-₹2885.25ASIANPAINT stock is currently trading at ₹2998.35, above the demand zone of ₹2964.45-₹2885.25. This zone has been tested previously, demonstrating strong buying interest. Investors should monitor for potential pullbacks towards the demand zone, which could present buying opportunities.
Cup and Forming HandelThe chart of Asian Paints is forming a textbook "Cup and Handle" pattern, which typically signals a bullish breakout after the handle completes. The rounded cup portion shows a period of consolidation, followed by a slight pullback in the handle. If the price breaks out above the handle resistance, this can be a strong buy signal, as it suggests upward momentum with potential new highs on the horizon.
However, traders should remain cautious due to ongoing geopolitical tensions, which could impact global markets and cause sudden volatility. It's important to adjust stop-losses and manage risk accordingly.
ASIANPAINT Support & Resistance For Asian Paints Limited (ASIANPAINT), here are the current support and resistance levels based on recent market data:
Support Levels:
First Support (S1): ₹2700
Second Support (S2): ₹2670
Resistance Levels:
First Resistance (R1): ₹3158.80
Second Resistance (R2): ₹3200