Multi Decade Support This stock price trading near multi decade support and low risk zone for this stock . High probability may be we will see some counter rally .
ASIANPAINT trade ideas
Asain Paints - Where is good opportunity to buy TechnicallyOn a Monthly time frame Asian Paints has penant breakdown.
With this possible levels could be 2300 / 2200 / 2150
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.
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.
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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.
ASIANPAINT NSE:ASIANPAINT
One Can Enter Now !
Or Wait for Retest of the Trendline (BO) !
Or wait For better R:R ratio !
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low.
2. R:R ratio should be 1 :2 minimum
3. Plan as per your RISK appetite and Money Management.
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
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.
ASIANPAINTS cmp 3084.Asian Paints is a popular largecap stock with Paints market leader. Its available at a affordable price.
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%
Asian Paints D-W-M-Q StatusAsian Paints is looking good below 3k with Lower Risk Of SL area . Trading in Lower area of Quarterly range . which give higher chance of hitting upper range soon with results in 2nd week of month November.
shown 4 windows with EMA , SMA, Range , Trend, Volume , High Demand Zone And Supply Zones.
A Reversal Trade setting up on Asian PaintsAsian Paints is setting up for a reversal trade.
The price has not been able to form a significant low in the last two trading sessions.
Once 2903 level is breached strongly on the upside, we can target 2963 as the First Target.
There could be further upside after that to 3060 level!
This is a Mean Reversion Trade.
I'm anticipating the trigger to happen by tomorrow or latest the day after tomorrow.
Asian paints - more downside?
Inside bar 2.0 indicator indicating more downside for profit target of 100-200 points, though it has gone down significantly in last few weeks. do you think we can take fresh short position for around 200 points gain ?
$ASIANPAINT long idea ~7RNSE:ASIANPAINT is retracing that trendline after taking out short inducements. Expecting a retracement to highs and breakout later
Asian Paints - Daily Chart - CMP 3071Can prefer buy if it closes above the trend line. Chances of going up is high. - Expecting o break around 3141 or nearby area.
Asian PaintsPrice is ready to turn. A crucial DP is tested. Secret signal to go higher indicated. Accumulation done for months. Once 2997 is broken, price will
Target - 1 3870
Target - 2 4213
asianpaint buy for swing /positional
asianpaint buy near 3160
avg at near at 3100 4% sl
tgt 4%8%12%16%18%
SWING IDEA - ASIANPAINT2807 Support level seems to be playing well since 3 years now.
MACD also making cross exactly at current support zone.
Stock currently looks good at this point.
Weekly closes above 2807 level should look for a move upward.
NICE CONSOLIDATION, poised for a Break / OutPlease keep watch on ASIAN PAINTS, nice consolidation going on for a long time. Club it with RSI or your favorite Indicator and watch.
Trade Plan 18Asian Paints is the largest home decor company in India. The 80+yyr old company has major brands like Asian Paints, Berger, Apco, etc under its umbrella. The co. is into wall paints, wall coverings, waterproofing, texture painting, wall stickers, mechanized tools, adhesives, modular kitchens, sanitaryware, lightings, soft furnishings, and uPVC windows.
* Safe Entry - During retest on trendline
Asian Paints : Will it break 3600 this time around?Asian Paints:
Paint Sector generally shows strength during May - Sep every year.
Asian paints has not performed since 2021
Very predictable price behavior - 2600-2700 (Buy) 3600 (Sell)
ASIANPAINT: Awaiting Breakout? Short Opportunity Ahead!Breakout Level: Awaiting a breakout at ₹3,203.10
Resistance Targets:
Target 1: ₹3,321.70
Target 2: ₹3,422.20
Festive Season Outlook: With Diwali approaching, keep a close watch on this stock for potential movements.
Play in a Range...NSE:ASIANPAINT trade at 3120. Support is @ 2700 Resistance is @ 3600.
stock trade in 900-1000 points since 3 years, You can watch its next resistance at 3600.
ASIAN PAINTS 15m chartAfter a nice upside rally, now short side is confirmed as per the Risological swing trader indicator.
Support and resistance levels are marked.
Good luck.
