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Asianpaintsanalysis

ASIANPAINT--Demand zone@3050 ??Observations:: ---------->> The stock is trending upwards in daily time frame. ---------->> now facing resistance in the zone @3160 level, which is a previous resistance. ----------->> we have a demand zone placed @3050 level, which will act as a support again. Keep watch this level, if failed to act as support sell for the downside demand zone placed @ 2970 level. ----------->> Buy at 3050 level for the target of 3160 and 3240 levels. Keep your stop loss below the 3020 level. the previous support @3050 again acts as a support. ------------------------------------------------------------------------------------------------- In 15 min time frame the stock is coming to the downside with consolidation from resistance, which is clearly a sign of bullishness from demand zone.
NSE:ASIANPAINTLong
by IIT-Trader
Asian Paints a long term investment idea and a portfolio stockAsian Paint company is well known as Paint company. Company became corporate force and India’s leading paint company. Company manufactures a wide rang of paints for decorative and industrial use and also offers wall coverings, water proofing, adhesives and other related services. Company also manufactures home improvement bath and kitchen products. CMP of the stock is 2882.10. On the back of low crude prices, the stock seems to be poised for a rally. Negatives of the company are high valuation (P.E. = 74.3) and MFs are decreasing stake. Positives of the company are No debt, improving net profit and company trying to decrease it’s pledging. The company is a portfolio stock and a long term investment idea. X/2 Entry in Asian paints can be taken after closing above 2885. Final entry in the stock can be taken after closing above 2975. The targets for the stock will be 3028 and 3152. Long term targets for the stock will be 3242 and 3300+. Stop Loss in the stock can be kept at a weekly closing below 2693.
NSE:ASIANPAINTLong
by Happy_Candles_Investment
ASIANPAINT Trade OpportunityAs of 23 February ASIANPAINT closed at 3237. If you look at the chart the stock is trading above the TRENDLINE. There is small RESISTANCE area between the price of 3262-3282.If it consolidate between the TRENDLINE and the RESISTANCE area for next 2-3 days then after that it can give a UP side momentum. NOTE- ENTRY-3190-3264 STOPLOSS- 2980 1st TARGET- 3470 (8%) 2nd TARGET- 3800(16%) DISCLAMIER- THIS IS JUST FOR EDUCATIONAL PURPOSE,DO CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING.
NSE:ASIANPAINTLong
by chartisttrader1