ASIAN PAINTS LTDShort
Asian Paints forcast
Updated
Price seems too high and the channel obeys it, As the price reached the above line it may go a little high above or equal to 1927.
It opened gap up today and made a high of 1915.
I am expecting it will come down to 1530 in the next quarter.
Drop in the oil prices will benefit the paint sector.
Key Raw material imports (Titanium dioxide) from China may affect the sector.
It opened gap up today and made a high of 1915.
I am expecting it will come down to 1530 in the next quarter.
Drop in the oil prices will benefit the paint sector.
Key Raw material imports (Titanium dioxide) from China may affect the sector.
Note
WHO declares the virus as Pandemic, it seems this news may act as a catalyst for the scriptTrade closed: target reached
Target reached and made a low of 1431 on 18th march.Note
* 19th march
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