The price could go 2720-2700 then it's a good buy opportunity. Then only u should target of 3000 . As we know birla will be launching their paint which will be direct competition to the asian paint. 1 reason that asian paint could not compete with birla opus is price competent. As it's hold and is the leader of paint industry it could not cut down prices like opus.
After a good rally in Titan , now it has been exhausted . Bear engulfing pattern can be seen in 1D timeframe . Support has been broken today and closed below the trendline. Easy 3-4 % profit can be made or maybe 5% if it goes below RS 3549. SL:-3765.60 TARGET :-3549 Book 60% quantity with trailing SL and go target for 3500 RS. PS:- If you like my analysis do...
Weekly it is showing bearish trend and could easily go levels of Rs 420 . There you could go for buying in small quantity before seeing some trend reversal. If the levels of 420 broken then then 410 levels can be seen easily.
HUL has taken support of 2407 from the trend line and could go upto 2644.0 . Gain of upto 7% . SL of 2365 TARGET:- 2642 If you like my analysis do follow me and tell which stock to review
Investment:- It's a good opportunity to buy in dip with good Q result it could show a rally which can easily touch Rs4000.. If the stock closes above 3800 , could add more quantity.. Swing :- Buy @rs 3520 and target of @rs 3750.. PS :- It's a good quality stock with very strong fundamentals. If you are long time stock holder then you should pick this stock.
Stock has broken a critical support level and other point of short selling would be The Budget day. It can fall around 10-11% . Selling pressure can be seen in weeky timeframe. Note: Don't take heavy positions