Asian Paints Ltd.
Long
Aktualisiert

SWING IDEA - ASIANPAINT

2 159
2807 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.
Anmerkung
Positive News:

Asian Paints Arm to Acquire Additional 24% Stake in SCIB Chemicals
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Stock gave another Fresh Entry at mentioned point.
Gave max of 4.5% profits so far. Setup is still in play. Let's keep it going.

Snapshot
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Positive News:
The Singapore unit completed the acquisition of a 23.4% stake in Egypt's SCIB
Chemicals for Rs 34 crore and now holds an 85.6% stake in SCIB
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Positive News:
Asian Paints has completed the proposed investment of around SG$32 million in its Singapore-based wholly-owned subsidiary Asian Paints International, according to a Wednesday filing to the stock exchanges.
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Positive News:
Sharekhan's research report on Asian Paints - "Buy Asian Paints; target of Rs 3385"
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News: India's Asian Paints top gainer on Nifty 50 after report of price hikes
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Hopefully we are going to see some good rally in the coming week with all the Positive News about the stock.

Snapshot
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Positive News: Asian Paints Exec Says Expect Double-Digit Volume Growth For Q2
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Positive News: Buy Asian Paints; target of Rs 3305: Geojit Financial Services
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Snapshot
Trade geschlossen: Ziel wurde erreicht
Trade Completed. Target Achieved.
Total 17% Profits booked.
Time Taken = 16 weeks.

Congrats to those who made good profits with this Trade.
This is how perfectly Price Action can mint you money when done right.

Trade can still be held on based on your Risk Management as the momentum still looks strong and it is possible that the Stock can go further upward.

Follow for more such Ideas!
Comment any Stock that you want me to take a look into and share insights.

Kudos!!
Snapshot

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