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ASIAN PAINTS LTDASIAN PAINTS LTDASIAN PAINTS LTD

ASIAN PAINTS LTD

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ASIANPAINT trade ideas

ASIAN PAINTS - 30% PROFIT OPPORTUNITY COMING SOON! - LONGASIAN PAINTS Trading between the price zones 2663 and 3550 since May 2021. This gave a good opportunity for a swing trade with a 33% profit stretch Strong rejections at 3550 during Sep 2021, Jan 2022, Aug 2022, Sep 2022, Jul 2023, Taken good support near 2660s during Mar 2022, Jun 2022, Jan -Apr 2023, May 2024 From Dec 2023 the price is not able to touch the 3550 range - but returned down from the 3400 range. This shows the stock is weak from Dec 2023 till today. It forms a down-side triangle pattern. Unless it breaks out the triangle pattern it won't touch the resistance zone 3550 Considering the current global market situation, there are chances it may come down to the support zone and create a buying opportunity Buy Zone: 2663-2820 Target 1: 3036 (13% - 15%); Target 2:3550 (30-33%) Trade and Invest Wisely with your knowledge! Good Luck! You can also see my other stock analysis and the results in my profile ideas. Please follow me, If you would like to see more ideas on winning stocks. **Disclaimer: I am NOT a SEBI registered consultant/Advisor (nor any country-authorized board registered consultant/Advisor). It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or recommendations on stock/Forex/Coin buying or selling. Please do your research and consult with your financial advisor before taking any action. I am not responsible for any of your actions on buying, selling, or holding the above-mentioned stock or/and index or/and Forex or/and coins.
NSE:ASIANPAINTLong
by pmosesoliver
3
ASIANPAINTS (BULLISH Marubozu) MTFCertainly! Asian Paints is a well-known company in the Indian paint industry. Asian Paints Limited: ON monthly time frame FORM : A Marubozu is characterized by having no shadows (also known as wicks or tails). In other words, it lacks both upper and lower shadows. Business Overview: Asian Paints is one of the largest paint manufacturers in India. It operates in both decorative and industrial segments, offering a wide range of products such as interior and exterior paints, enamels, wood finishes, and wall coverings. Market Position: The company has maintained a dominant position in the Indian market for several decades. Its strong brand presence, extensive distribution network, and innovative product offerings contribute to its success. Financial Performance: Asian Paints consistently reports healthy financials. Factors like increased urbanization, rising disposable incomes, and a growing real estate sector have positively impacted its revenue and profitability. Innovation and Sustainability: Asian Paints invests in research and development to introduce new products and improve existing ones. Additionally, it emphasizes sustainability by promoting eco-friendly paints and reducing its environmental footprint. Competitors: The Indian paint industry is competitive, with other major players like Berger Paints, Kansai Nerolac, and Pidilite Industries. Asian Paints faces competition in various product categories and market segments. Certainly! Let’s dive into the fundamental analysis of Asian Paints, one of India’s leading paint companies. 🎨 Business Overview Asian Paints Limited operates in both decorative and industrial segments, offering a wide range of products such as interior and exterior paints, enamels, wood finishes, and wall coverings. The company has maintained a dominant position in the Indian market for several decades, thanks to its strong brand presence and extensive distribution network. Financial Performance Profitability: Asian Paints consistently reports healthy financials. Its high margin levels contribute to strong profits. Financial Situation: The company is in a robust financial position, considering its net cash and margin position. Analyst Opinion: Over the past few months, the opinion of analysts covering the stock has improved. Strengths Margins: Asian Paints returns high margins, supporting business profitability. Financial Health: The company’s net cash position and robust financials are positive indicators. Analyst Sentiment: Analysts have become more optimistic about the stock recently. Weaknesses Earnings Growth: The currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness. Valuation: The valuation in terms of earnings multiples is rather high. The firm is getting paid 54.58 times its estimated earnings per share for the ongoing year. Sales Outlook: Sales revisions have been going down, indicating downgraded expectations from analysts. Future Growth Prospects Asian Paints continues to innovate and invest in research and development. Its focus on sustainability and eco-friendly paints positions it well for the future.
NSE:ASIANPAINTLong
by Faizgazi
Breakout Imminent: Asian paint Stock Poised for Bullish ReversalKey Levels to Watch Horizontal Resistance, Downward Resistance Trend Line: breached technical Analysis this share has been trading within a descending channel formation for the past three months. However, recent price action suggests a potential bullish reversal is underway. Moreover, the stock is currently approaching the upper bound of the descending channel, represented by a downward resistance trend line . A decisive breakout above this trend line would confirm the bullish reversal and open up further upside potential.
NSE:ASIANPAINTLong
by Blue_Tiger_Trades
4
Asian Paints Target as per Elliott waveBuy Asian paints at 2845 with a stop loss of 2818, that must be last down move and from here it is bound to move beyond 3200 at least.. at 2845 wave 1, 2 are supposed to finish for new impulsive wave series and then wave 3 must be 360+ points at least from 2844 ** Please take any trade at your own risk, this is my analysis and sharing in case if goes right and others can get benefit but I might go wrong too, nothing is certain in stock market :)
NSE:ASIANPAINTLong
by brainyAccount81243
Sleeping Giant - ASIAN PAINTS - BUY LevelAsian Paints has been an excellent wealth accumulator. Currently in sideways since 2022. This is accumulation phase after a long up trend. Expectation is of continuation of up trend after this. 1. Support - 2700. Resistance - 3500. 2. Trend - a. Long term trend is UP. b. Since 2022 it is in sideways consolidation. 3. Conclusion - After a good long up trend accumulation is going on since last 2 years. BUY around 2700. First Target 3500. Next Target - 4300. If you find above information useful please do share, give a boost, thanks.
NSE:ASIANPAINT
by NaveenGr
6
ASIAN Paints close to moving out of consolidation Asian paints has been in consolidation phase from a long time over a long time frame. Currently it is showing some indication of breaking out of the resistance levels. Green line in the chart a midterm resistance. Once crosses and sustains it can give good move in near term. I see it touching the move higher level resistance marked in purple line at top around the level of 3180-3200. Once that line is crossed with great volumes and after retracement on the same line can show some good move also touching ATH all depending on overall Market conditions. Up levels 3200-3340-3560 and more per volume with lower levels around 2.5k No recommendations, just my view based on chart pattern.
NSE:ASIANPAINTLong
by viki9
1
ASIANPAINT : Nice ConsolidationStock Analysis: Long Trend Line: The stock has been following a sustained upward trend, indicating consistent growth over time. Consolidation Phase: Recently, the stock entered a consolidation phase, where its price movement became more stable and less volatile. This phase often represents a period of accumulation, where investors are gathering shares before a potential breakout. Volume Buildup: During this consolidation phase, there was a noticeable increase in trading volume. Higher volume can indicate strong investor interest and can be a precursor to a significant price move. Breakout: Today, the stock broke out of its consolidation phase. A breakout, especially accompanied by high volume, is a bullish signal suggesting that the stock may continue its upward trajectory. Shifting Base: The stock's base price, or support level, is shifting higher. This is a positive sign as it indicates that the stock's price floor is rising, reducing downside risk. Target to ATH (All-Time High): Given these factors, the stock looks poised to reach its all-time high. Call to Action: Subscribe to the channel for more stock analysis and market insights. Don't forget to click on the like button if you found this analysis helpful!Hi Stock taking support on long trend line followed by consolidation. Volume build up in consolidation phase and today gave breakout. stock looks good as the base is shifting towards the new high and rate to reach ATH Subscribe to the channel for more such content and click on like butto
NSE:ASIANPAINTLong
by Bengaluru_Expert_Traders
Optimal Entry Point: Asian Paints Indicates Long-Term BuyingIdeal Time to Invest: Asian Paints Shows Strong Support and Bullish Momentum Asian Paints is currently supported by the 200 EMA and a key weekly support zone, indicating a favorable opportunity for long-term investment. Furthermore, the weekly MACD histogram has turned green, suggesting potential upward movement. Learn more about why now might be the right time to add Asian Paints to your long-term investment portfolio. Disclaimer - This analysis is for educational purposes only and should not be considered as financial advice or a recommendation to buy or sell securities.
NSE:ASIANPAINTLong
by Rockstar9831
1