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ASIAN PAINTS LTDASIAN PAINTS LTDASIAN PAINTS LTD

ASIAN PAINTS LTD

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ASIANPAINT trade ideas

SWING IDEA - ASIAN PAINTSAsian Paints , one of India's largest paint companies, is showing promising technical signals for a potential swing trade. Reasons are listed below: 3000 Zone as Previous Resistance : The 3000 level was a significant resistance zone that the price has now broken and retested, indicating a strong bullish sentiment. Dragonfly Doji on Daily Timeframe : The formation of a dragonfly doji on the daily chart suggests a potential reversal to the upside after testing support, reflecting strong buying interest at lower levels. 50 and 200 EMA Support on Daily Timeframe : The stock is trading above both the 50 and 200-day exponential moving averages, which serve as strong support levels, reinforcing the bullish outlook. Break of 6-Month Consolidation : The stock has broken out of a 6-month consolidation phase, signaling the potential for a new uptrend and increased momentum. Bounce Back from Golden Zone : The stock has bounced back from the golden Fibonacci retracement zone (0.618 level), which often acts as a strong support and suggests a continuation of the uptrend. Target - 3185 // 3420 Stoploss - daily close below 2950 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:ASIANPAINTLong
by Visionary_Growth_Insights
Asian Paints can rally on low crude oil price. Asian Paints Ltd. manufactures and markets paints and coating products. Asian Paints CMP is 3101.75. The positive aspects of the company are Company with Low Debt, Annual Net Profits improving for last 2 years, FII / FPI or Institutions increasing their shareholding AND MFs increased their shareholding last quarter. The Negative aspects of the company are High PE (PE=58.6), Declining Net Cash Flow : Companies not able to generate net cash, Highest increase in pledges by promoters AND Companies with growing costs YoY for long term projects. Partial entry/tracking quantity can be taken after closing above 3105. Main entry can be taken after closing above 3152. Targets in the stock will be 3221 AND 3304. The long-term target in the stock will be 3368 AND 3423. Stop loss in the stock should be maintained at Closing below 2848 or 2671 depending upon your risk taking ability. Asian paints is considered by many as a portfolio stock due to its huge market share and deep penetration in the market. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:ASIANPAINTLong
by Happy_Candles_Investment
Asian paint green run is coming on charts Asian paint struggle past several year to give positive return but now time has came to give return on that share Technical point - Multiple Time frame analysis 1- Strong multi time frame support at 2600 & 2550 2 - Flag pattern breakout on H4 time frame 3 - Rounding bottom reversal on daily time frame 4 - After may month last 4 year give only positive return seen on charts 5 - Last year in may 3000 to 3560 run came same chart and same think happen this time also 6 - Near supply zone 7 -That time he reached 52 week high and break his life time high of 3582 and given 4400 TRG First TRG - 3400 Second TRG - 3600 Third TRG - 4000 Final Trg - 4400 SL 2520 that delivery only for the long term
NSE:ASIANPAINTLong
by Share-Mechanic
ASIAN PAINTS LTD S/R for 11/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:ASIANPAINT
by zenthosh
Asian Paint: Investment Opprtunity Asian Paint's stock price has been stagnant over the last 2-3 years, indicating it is not currently on the radar of investors and traders. On the monthly time frame, it is forming a rectangle or Darvas box pattern. However, if we look at the company's revenue and earnings figures, they are steadily rising. More importantly, its total assets and gross income are also increasing. This suggests that the company, already a market leader, has been steadily increasing its production capacity. Therefore, when industry demand turns, the market leader is likely to benefit the most.
NSE:ASIANPAINTLong
by Pranam18
4
ASIAN PAINTS UPMOVE?Asian paints can give a good up move with a decent stoploss and good Targets as it is trying to break several months range in daily time frame. And so we can get a good swing to positional trade opportunity. ENTRY -2925-2930 STOPLOSS - 2905 TARGETS - 2995, 3030, 3100++ Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go or wait for it to come back I'm not sebi registered this is my personal view Please like or boost my idea if you like it or traded it Thankyou
NSE:ASIANPAINTLong
by chaitanya1692