#ASIANPAINT #BERGEPAINT #INDIGOPNTS #KANSAINER #SHALPAINTS #OIL#ASIANPAINT
NSE: ASIANPAINT
CMP: 3112
TP: 3332
SL: 3010
TF: <1m
RR > ~2 times
Return > 7%
BERGEPAINT ASIANPAINT KANSAINER SHALPAINTS NSE:INDIGOPNTS
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
ASIANPAINT trade ideas
ASIANPAINT..CASH..NSE..ANALYSISASIANPAINT GOING TOWARDS UPSIDE AFTER RETRACEMENT AS I SUGGESTED ON 4TH NOVEMBER, 2022... ONLY PATIENCE MATTERS ... RETRACE AFTER TOUCHING IMP SUPPORT LEVEL SUGGESTED IN ABOVE CHART... NOW MOVING TOWARDS GIVEN TARGETS
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this study i published in last month nearby 4th November... now it's showing result
Asian Paints Long TermTechnical Analysis :
-- Strict Stop Loss = 3077
-- Target - 1 = 3387
-- Target - 2 = 3625
-- Target - 3 = 4232
-- Strong support at 2786.
-- Touching 55 EMA
Fundamental Analysis :
-- Current price is more than the intrinsic value
-- Maintaining a healthy dividend payout
-- CAGR: 10 years - 22%
-- Cash Flow is negative
-- ROCE : 27 %
As the PE ratio is a little high compared to the Median PE i.e 68.8. So keep on investing in a small amount
A GREAT MONEY MAKING OPPORTUNITY BY ASIANPAINTin asianpaint's Stock case whenever the stochastic indicator crosses below 20 to upside it had given atleast 25-30% return . and it happens very rarely. from 2008 to till today it had happened only 9 times that it crooses below 20 to upside .
which is very exceptional case . and every time this stock had given more than 25 % return after this pattern happened which you can see in the chart . and now this days this pattern is taking place in this stock .
one can buy it on 3100 to 3150 and put a stoploss arround 3030 which is strong support and can expect atleast 20% returns from this levels
i use my own stochstic indicator which anyone can use it by just changing it's settings as follow
go to setting of the stochastic indicator click on inputs and change inputs as follows
%k length 20
%k smoothing 3
%d smoothing 20
now click on style and unclick the %k icon and you are done .
yes this is kind of advice .one can take it or leave it . it all depends on your actions.
#ASIANPAINT Weekly Major Support & Resistance Levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.