ASIAN PAINTS LTDLong
Asian Paints- Good time to entry
Stock has nearly hit its 52 week low and has bounced back . also retesting is seen as done on daily chart. there is an immediate resistance at 2900 levels which is also 20 EMA. the stock is cyclic in nature and has seen rallies in April - May thru to Sep-Oct, when the demand for paint picks up.
My idea will be to enter above 20 EMA on day closure basis with 50 point SL.
This is purely my outlook and not an invite to trade the stock. Please do your own due diligence before investing
My idea will be to enter above 20 EMA on day closure basis with 50 point SL.
This is purely my outlook and not an invite to trade the stock. Please do your own due diligence before investing
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.