Went long taking positional trade on asahi song Close above 290 only will give good moves. hence gone with 30% allocation looks like trend change.
Asahi Songwon Colors Ltd. is a leading player in the Indian Pigment industry. The company's principal manufacturing facilities Vadodara, produce CPC Blue Crude and Beta Blue pigment which have an installed capacity of 11400 tonnes per annum. Asahi Songwon Colors CMP is 242.10. The Negative aspects of the company are high valuation (-P.E. = 13.5) and declining...
As per my analysis, buy best buy level of NSE:ASAHIINDIA is 514 with stop loss of 497 (-16 points risk). My expected upside target will be 552 (+38 points gain). This could be low risk high reward idea. Note: This is my personal analysis, only for learning. Thanks.