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ASIAN PAINTS LTD.ASIAN PAINTS LTD.ASIAN PAINTS LTD.

ASIAN PAINTS LTD.

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ASIANPAINT trade ideas

ASIAN PAINT TO PAINT YOUR PORTFOLIO GREEN GREEN!!!!!!!Asian Paints is a prominent player in the Indian paint industry, known for its strong market presence and consistent financial performance. As of January 24, 2025, the stock is trading at ₹2,261.80, which is approximately 33% below its 52-week high of ₹3,394.00 reached on September 16, 2024. Over the past three years, the stock has underperformed, declining by about 20%, while the benchmark index rose by nearly 40% in the same period. However, over a ten-year horizon, Asian Paints has delivered a compound annual growth rate (CAGR) of 13%, slightly outperforming the benchmark's 11% CAGR. The company's trailing twelve-month (TTM) price-to-earnings (P/E) ratio stands at 69.86, significantly higher than the sector average of 19.44, indicating a premium valuation. Analyst opinions are mixed: out of 34 analysts, 2 have issued a strong buy rating, 6 recommend a buy, 10 suggest holding, and 11 advise selling the stock. In the last quarter, Asian Paints reported a net profit of ₹694.64 crores. The company maintains a healthy financial position with a debt-to-equity ratio of 0.00, indicating no significant debt burden.
NSE:ASIANPAINTLong
by djneshit
ASIANPAINT : Going Long for about 1.25% of the net capitalTook a position in the scrip, allocating about 1.25% of the net capital. I am expecting a potential upside of around 38% to the upper trendline of the channel that has formed. I will consider adding to the position if the price falls approximately 23% from the current level and touches the longer timeframe trendline, which is a significant support level for the scrip. 📢📢📢 If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly. Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments. Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too. Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
NSE:ASIANPAINTLong
by Sniper-Traders
IND//@version=5 strategy("Prajapati", overlay=true) // Input Settings riskPercent = input.float(3, title="Risk Percentage per Trade (%)", minval=0.1, step=0.1) rewardRatio = input.float(3, title="Risk-Reward Ratio", minval=1.0) capital = input.float(10000, title="Starting Capital ($)", minval=1) atrMultiplier = input.float(1.5, title="ATR Multiplier for Stop Loss") show_TT = input.bool(true, title = "Show T and TT") show_sma = input.bool(true, title = "Show SMA") // ATR Calculation for Volatility-based Stop-Loss atrLength = input.int(14, title="ATR Length") atrValue = ta.atr(atrLength) stopLossDistance = atrValue * atrMultiplier takeProfitDistance = stopLossDistance * rewardRatio // Simple Moving Averages fastMA = ta.sma(close, 13) slowMA = ta.sma(close, 5) // Entry and Exit Conditions using Simple Moving Averages longCondition = ta.crossover(fastMA, slowMA) shortCondition = ta.crossunder(fastMA, slowMA) // Candlestick Patterns Functions isBullishEngulfing() => (open > close and close > open and close >= open and close >= open and close - open > open - close ) isBearishEngulfing() => (close > open and open > close and open >= close and open >= close and open - close > close - open ) isHammer() => (((high - low) > 3 * (open - close)) and ((close - low) / (.001 + high - low) > 0.6) and ((open - low) / (.001 + high - low) > 0.6)) isInvertedHammer() => (((high - low) > 3 * (open - close)) and ((high - close) / (.001 + high - low) > 0.6) and ((high - open) / (.001 + high - low) > 0.6)) isBullishHarami() => (open > close and close > open and close <= open and close <= open and close - open < open - close ) isBearishHarami() => (close > open and open > close and open <= close and open <= close and open - close < close - open ) // Color Bars for Candlestick Patterns barcolor(isBullishEngulfing() ? color.rgb(0, 102, 255) : na) barcolor(isHammer() ? (#1f0cef) : na) barcolor(isBullishHarami() ? color.rgb(0, 93, 214) : na) barcolor(isBearishEngulfing() ? color.rgb(255, 196, 0) : na) barcolor(isBearishHarami() ? color.rgb(251, 255, 0) : na) barcolor(isInvertedHammer() ? color.rgb(247, 0, 247) : na) // Calculate SMA for Visualization sma_22 = ta.sma(close, 22) lineColor = close > sma_22 ? color.black : color.black plot(show_sma ? sma_22 : na, color=lineColor, linewidth=1) // Determine T and TT Labels based on Conditions candleCrossG = ta.crossover(close, sma_22) candleCrossR = ta.crossunder(close, sma_22) // Place Trades Based on Conditions if (longCondition) strategy.entry("BUY ", strategy.long) strategy.exit("Take Profit", from_entry="Long", limit=close + takeProfitDistance, stop=close - stopLossDistance) if (shortCondition) strategy.entry("SELL", strategy.short) strategy.exit("Take Profit", from_entry="Short", limit=close - takeProfitDistance, stop=close + stopLossDistance) // Plotting Stop Loss and Take Profit Levels for Visualization plot(longCondition ? close - stopLossDistance : na, color=na, title="Stop Loss", linewidth=1, style=plot.style_line) plot(longCondition ? close + takeProfitDistance : na, color=na, title="Take Profit", linewidth=1, style=plot.style_line) plot(shortCondition ? close + stopLossDistance : na, color=na, title="Stop Loss (Short)", linewidth=1, style=plot.style_line) plot(shortCondition ? close - takeProfitDistance : na, color=na, title="Take Profit (Short)", linewidth=1, style=plot.style_line)
NSE:ASIANPAINT
by goswamisiddh2001
Asian Paints - don't waste time follow simple approach??NSE:ASIANPAINT Too much talk about Asian Paints? Retail investors aren't all fundamental analysts and only sometimes have the time. If you're screening and believe Asian Paints will withstand the competition, focus on that. Trust in the Indian growth story. Note: I'm not buying or planning to – my focus is on growth. But for super long-term investors, this might be of interest. Here's what I'm tracking – the 3-month candlestick chart from TradingView. For heaven's sake, it's business – 3 months give us a fair timeline for price action to show some certainty. Disc: No investment , no recommendation #AsianPaints #Investing #TradingView #LongTermInvestment #pwinvest #trading
NSE:ASIANPAINT
by Peaceful-Weekend-Investing
Asian Paints Trading Strategy for 16th December 2024Asian Paints Trading Strategy Key Levels: Buy Above: 2422 (on the high of the candle that closes above 2422 on a 5-minute chart) Sell Below: 2391 (on the low of the candle that closes below 2391 on a 5-minute chart) Targets: Upside Target: 2460 Downside Target: 2360 Strategy Details: Buy Signal: Enter a buy position above the high of the candle that closes above 2422 on a 5-minute time frame. Sell Signal: Enter a sell position below the low of the candle that closes below 2391 on a 5-minute time frame. Uptrend Confirmation: Asian Paints is likely to resume an uptrend if the price closes above 2470 on a daily closing basis. Additional Tips: Monitoring: Continuously monitor the 5-minute chart for clear buy or sell signals. Risk Management: Always use a stop-loss to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Asian Paints. Disclaimer: I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
NSE:ASIANPAINT
by ramkkyy
speculation on AsianpaintsKey Observations: 1. Technical Analysis: • The chart indicates a significant support/resistance zone, which seems to be historically important for the price action. • A sharp decline has led to the current price levels, highlighting a gap that may require significant price movement to close. • The “gap filling” scenario illustrated shows a potential recovery, but with an expected zig-zag consolidation before a sustained uptrend. • The cup-and-handle pattern seen earlier suggests that if the price stabilizes and recovers, there may be a potential for another bullish formation. 2.Fundamental Challenges: • Asian Paints’ Q2 FY25 results indicate a drastic decline in net profit by 42.4%, along with a drop in revenue by 5.3%. This sharp reduction is likely a result of economic, input cost, or market-specific challenges. • The significant decline in profits suggests issues with cost management, market demand, or possibly increased competitive pressures. 3. Market Sentiment and Analyst Ratings: • News of a substantial stock price drop (8%-9% in a single day) and reduced price targets from brokers like Nomura (down to ₹2,500) indicate a negative short-term market sentiment, suggesting further consolidation or range-bound trading in the short term. • Positive sentiment is critical for a price recovery, which can be influenced by strategic changes within the company, improved market conditions, or new product lines. Steps and Strategies for Closing the Gap: 1.Cost Optimization and Margin Recovery: • Asian Paints needs to demonstrate effective cost optimization and regain its profit margins. This could come through efficient supply chain management, cost control measures, and minimizing input costs. • Improving its profit margins would bolster investor confidence and lead to a positive re-rating of its valuation by analysts. 2.Market Penetration and Innovation: • Introducing innovative product lines, focusing on eco-friendly and sustainable solutions, or expanding its market share could lead to revenue growth. • Strategic partnerships, aggressive marketing campaigns, or tapping into newer markets could provide the necessary growth push. 3. Short-Term Technical Bounce: • From a technical standpoint, filling the price gap would require a recovery to a previous resistance level. This may be aided by short-covering, positive market news, or broader market recovery. • Accumulation of volumes around support levels could trigger a bounce-back, creating a pathway toward closing the gap. Investors should watch for volume spikes, bullish candlestick formations, and reversal patterns. 4. Improved Market Sentiment: • Positive news such as improved quarterly earnings, strategic business moves, or favorable macroeconomic changes could act as a catalyst for market sentiment to turn bullish. Potential Price Path: • In the short term, consolidation within the highlighted range could be expected as investors digest recent earnings. • A sustainable uptrend and closing the gap would require a breakout above significant resistance zones, likely driven by positive earnings growth, cost restructuring, or market share gains. • Potential resistance levels around the ₹3,000 - ₹3,500 range would need to be breached to confirm a full recovery and gap fill. In conclusion, while fundamental challenges exist, strategic actions by the company coupled with favorable technical setups could provide a pathway for Asian Paints to recover and close the gap. Disclaimer: The analysis and insights provided are for informational purposes only and do not constitute financial, investment, or trading advice. The stock market involves risks, and past performance is not indicative of future results. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any investment or trading decisions. Neither this analysis nor the information contained herein guarantees any particular outcome. Use this information at your own discretion and responsibility.
NSE:ASIANPAINTShort
by tintinhawk
Asian Paints | 75% returns | 3 year consolidation breakoutASIAN PAINTS Monthly time frame Stock in consolidation since Dec 2020 Stock riding above 20-, 50- & 200-month moving averages Stock touched 50 MMA in May 2024, almost 15 years after previous occurrence Stock has closed above 20- month moving average after 2.5 years RSI > 50 MACD crossover about to occur, signalling bullish momentum Weekly time frame Stock in the verge of breaking out of the white resistance trend line Stock has touched 20-, 50- & 200-week moving averages at the same time RSI > 55 MACD signalling bullish momentum Volumes have been good from Jan – Aug 2024, signifies buying has been done Daily time frame Stock recently bounced from the orange support line in May 2024 Stock following the rounded bottom formation Stock riding above 20-, 50- & 200-day moving averages 20DMA has just crossed 200DMA and golden crossover also is approaching RSI > 55 MACD is above the 0 line, considered bullish Conclusion Entry: 3,050 Stop Loss: 2,850 Target 1: 3,500 Target 2: 4,222 Target 3: 5,250 Fundamentals ROCE = 37 {Ideal > 15} ROE = 31 {Ideal > 15} Stock PE (57) = Industry PE (54) {Stock not overvalued compared to Industry} Int Coverage = 33 {Ideally > 2} CF Operations / EBIT = 0.88 {Ideal value > 1} Debt to equity = 0.13 {Ideal value < 1} Promoter stake has remained consistent over the years > 50%
NSE:ASIANPAINTLong
by shyamsrk2
5