ASIANPAINT trade ideas
ASIANPAINTASIANPAINT
bottom fishing stock . strong buy for long term
this time is Recommendation ACCUMULATE
my study point
Asian Paints is the largest home decor company in India.
1) Company has a good return on equity (ROE) track record: 3
Years ROE 26.1%
2) Company has been maintaining a healthy dividend payout of
58.4%
3) good support zone
holdings :-)))
a) Promoters 53%
b)FIIs & DIIs 28%
c) Public 19 %
main ponit is Government hold 0.06% stakes
Sector: Paints/Varnish - Top one
Industry: Paints / Varnishes - Top one
A) Sharekhan recommended Hold rating on Asian Paints with a target price of Rs 3490 in its research report dated January 17, 2024.
B)Motilal Oswal recommended Neutral rating on Asian Paints with a target price of Rs 3340 in its research report dated January 18, 2024.
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Asian paints buy on dip huge upside move will come in few monthsOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ASIAN PAINTS 1HR- EARN WITH ME DAILY 10K-20K -
ASIAN PAINTS Looking good for Downside..
When it break level 2866 and sustain.. it will go Downside...
SELL @2866
Target
1st 2842
2ND 2825
ASIAN PAINTS MAY FUT – LOT 10 (Qty-2000)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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!
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