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Asian Paints Ltd.

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ASIANPAINT trade ideas

Asian Paint Stock Weekly Analysis 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 Quarterly result we can expect upside movement in stock(only if it sustain above demand zone and give the strong closing above the mentioned zone) This stock had a tendency it always the break the support zone(always Hit the SL) and after that gives the strong reversal so even now we can expect the same behavior.
NSE:ASIANPAINT
by Equalbucks
5
Asian Paints - Bullish Signals Asian Paints - Bullish Signals Fundamentals MCAP- 303418Cr PE - 60 > Induustry PE of 53 PEG Ratio is 2.91 Debt to Equity is 0.13 and ICR is 33 ROE is 31%, ROCE is 37% ( 5yr ROCE is 33%) Sales growth is 1%(stagnant), 5yr Sales growth is 13% Profit Growth is 9%, 5yr Profit growth is 20% Promoter holding is rock solid , 52-53% Latest results - Slightly below estimates Technicals CMP - 3170 Bullish - Above EMA 9, 21,63, 200 EMA 63 is just below EMA 200. Expect it to crossover soon. As seen in charts 3550-3600 is acting as resistance and the stock has failed to cross this level 3 times so far. 2700 is major support. It has bounced back from this level 3-4 times in the last 2 years. Stock is trading in the range of 2700-3600. With EMA 63 poised to cross EMA 200, I expect the stock to touch 3550 levels in the next few months. Target : T1, As per Technicals = 3550 T2 = 4500, If 3600 is breached Disclosure 1 - Invested Disclosure 2 - Not SEBI Registered Disclosure 3 - This is Not investment advice. Treat it as educational
NSE:ASIANPAINTLong
by harishnarayan2579
Asian Paints Breakout TradeHi mates, Sharing an idea for Asian paints on daily chart i hope you will like my work and idea so let's start quickly as we can see that price was consolidating in a parallel channel from last many month and recently price broke that channel and came out so we can consider it's a parallel channel breakout and it seems that price keenly want to go till marked resistance target as today it broke a recent swing high resistance and close above which it made after channel resistance breakout for my this trading idea below channel resistance close seems a good support, That's it don't want to stretch the description much as everything already clearly mentioned on provided chart. Thanks for reading and please don't forget to like if you like. This Publication is for only learning purpose, please don't consider this as a trading advice. Best Regards- Amit
NSE:ASIANPAINTLong
by AMIT-RAJAN
7
Asian Paints and Correlation between real estatefundamental logic- Any construction need painting even if realestate becomes dull if they want to sell old building they repaint if for marriage and functions people re-paint even we can see schools and colleges also time to time they repiant so consolidation of price will not be much longer and there is high probability that it can see upward rally technically- We can see price is range bound and can seen as channel below med line its a buy zone above mid line is hold zone above top line can see a good rally simply 2600-3000 can sip and can keep adding aboce 3000-3400 can hold above 3400 hold still it breaks 200 day Moving average disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
NSE:ASIANPAINTLong
by techno_funda_guy
Asian Paints - Range Bound StrategyCMP - 3048 TGT - 3582 ⚡️Disclaimer: Any of my posts should not be considered as a Buy/Sell/Hold recommendation. This analysis is for educational and learning purpose only⚡️ Description: A range-bound trading strategy refers to a method in which traders buy at the support zone and sell at the resistance zone for a given stock. If price has bounced back multiple times from support and corrected multiple times from a particular resistance zone, this creates a good range to trade. Typically, traders use range-bound trading in combination with other indicators, such as RSI or MACD
NSE:ASIANPAINT
by Imran_I_Ahmed
ASIAN PAINTS - INVERTED HEAD AND SHOULDER PATTERNThe stock has given breakout of INVERTED HEAD AND SHOULDER pattern & Retested on the daily chart. One can enter above 3054 with a strict Stoploss of 2970 Target 1 - 3200 Target 2 - 3280 Target 3 - 3360 #SWINGTRADE #FUNDAMENTALLY STRONG STOCK What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:ASIANPAINTLong
by JJJ-555
2
ASIAN PAINTS - INVERTED HEAD AND SHOULDER PATTERNThe stock has given breakout of INVERTED HEAD AND SHOULDER pattern & Retested on the daily chart. One can enter above 3054 with a strict Stoploss of 2970 Target 1 - 3200 Target 2 - 3280 Target 3 - 3360 #SWINGTRADE #FUNDAMENTALLY STRONG STOCK What is your view please comment it down and also boost the idea this help to motivate us. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
NSE:ASIANPAINTLong
by JJJ-555
ASIAN PAINTS 30% UPSIDE!NSE:ASIANPAINT ASIAN PAINTS (D) Analysis Date: 16/08/2024 Time Frame: 1D CMP: 3025 Key Levels: Support: 2840, 2850 Resistance: 3145, 3320, 3423, 3582 Bullish Outlook: Buying Range: 3000-3060 Add More Till: 2850 Targets: 3145, 3320, 3423, 3582 Stop Loss: 2840 Conclusion: Consider entering between 3000 and 3060, with potential to add more positions till 2850. Watch for target levels to manage your trade effectively. Disclaimer: This is not financial advice. Please do your own research.
NSE:ASIANPAINTLong
by ThirstyBull
ASIAN PAINTS - 30% PROFIT OPPORTUNITY COMING SOON! - LONGASIAN PAINTS Trading between the price zones 2663 and 3550 since May 2021. This gave a good opportunity for a swing trade with a 33% profit stretch Strong rejections at 3550 during Sep 2021, Jan 2022, Aug 2022, Sep 2022, Jul 2023, Taken good support near 2660s during Mar 2022, Jun 2022, Jan -Apr 2023, May 2024 From Dec 2023 the price is not able to touch the 3550 range - but returned down from the 3400 range. This shows the stock is weak from Dec 2023 till today. It forms a down-side triangle pattern. Unless it breaks out the triangle pattern it won't touch the resistance zone 3550 Considering the current global market situation, there are chances it may come down to the support zone and create a buying opportunity Buy Zone: 2663-2820 Target 1: 3036 (13% - 15%); Target 2:3550 (30-33%) Trade and Invest Wisely with your knowledge! Good Luck! You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks. **Disclaimer: I am NOT a SEBI registered consultant/Advisor (nor any country-authorized board registered consultant/Advisor). It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or recommendations on stock/Forex/Coin buying or selling. Please do your research and consult with your financial advisor before taking any action. I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
NSE:ASIANPAINTLong
by pmosesoliver
3
ASIANPAINTS (BULLISH Marubozu) MTFCertainly! Asian Paints is a well-known company in the Indian paint industry. Asian Paints Limited: ON monthly time frame FORM : A Marubozu is characterized by having no shadows (also known as wicks or tails). In other words, it lacks both upper and lower shadows. Business Overview: Asian Paints is one of the largest paint manufacturers in India. It operates in both decorative and industrial segments, offering a wide range of products such as interior and exterior paints, enamels, wood finishes, and wall coverings. Market Position: The company has maintained a dominant position in the Indian market for several decades. Its strong brand presence, extensive distribution network, and innovative product offerings contribute to its success. Financial Performance: Asian Paints consistently reports healthy financials. Factors like increased urbanization, rising disposable incomes, and a growing real estate sector have positively impacted its revenue and profitability. Innovation and Sustainability: Asian Paints invests in research and development to introduce new products and improve existing ones. Additionally, it emphasizes sustainability by promoting eco-friendly paints and reducing its environmental footprint. Competitors: The Indian paint industry is competitive, with other major players like Berger Paints, Kansai Nerolac, and Pidilite Industries. Asian Paints faces competition in various product categories and market segments. Certainly! Let’s dive into the fundamental analysis of Asian Paints, one of India’s leading paint companies. 🎨 Business Overview Asian Paints Limited operates in both decorative and industrial segments, offering a wide range of products such as interior and exterior paints, enamels, wood finishes, and wall coverings. The company has maintained a dominant position in the Indian market for several decades, thanks to its strong brand presence and extensive distribution network. Financial Performance Profitability: Asian Paints consistently reports healthy financials. Its high margin levels contribute to strong profits. Financial Situation: The company is in a robust financial position, considering its net cash and margin position. Analyst Opinion: Over the past few months, the opinion of analysts covering the stock has improved. Strengths Margins: Asian Paints returns high margins, supporting business profitability. Financial Health: The company’s net cash position and robust financials are positive indicators. Analyst Sentiment: Analysts have become more optimistic about the stock recently. Weaknesses Earnings Growth: The currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness. Valuation: The valuation in terms of earnings multiples is rather high. The firm is getting paid 54.58 times its estimated earnings per share for the ongoing year. Sales Outlook: Sales revisions have been going down, indicating downgraded expectations from analysts. Future Growth Prospects Asian Paints continues to innovate and invest in research and development. Its focus on sustainability and eco-friendly paints positions it well for the future.
NSE:ASIANPAINTLong
by Faizgazi