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Call on asian paints

Discussion in 'Technical Analysis' started by chandrasekaran_s, Feb 24, 2015.

  1. chandrasekaran_s

    chandrasekaran_s New Member

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    What would be call on asian paints for long term investment. The SMA 20 and SMA 50 are quite encouraging. it has touched the 52 week high at 920. What would be my SL?
     
    chandrasekaran_s, Feb 24, 2015
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  2. shabbir

    shabbir Administrator Staff Member

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    Long term means? I normally mean long term means 5 to 10 years.
     
    shabbir, Feb 24, 2015
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  3. chandrasekaran_s

    chandrasekaran_s New Member

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    Long term means may be 1-3 months. Not so much time as you have suggested
     
    chandrasekaran_s, Feb 24, 2015
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  4. saptarshi_sachin

    saptarshi_sachin Responder

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    Then you can call it medium term.
    Long term would essentially mean anything > 1 year

    Asian paints looks fine, stop could be just below 780.
     
    saptarshi_sachin, Feb 24, 2015
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  5. shabbir

    shabbir Administrator Staff Member

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    I mean long term means 5 years atleast. 1 Year means nothing because it is too long for technicals and too short for fundamentals.

    Read http://shabbir.in/fundamental-analysis/
     
    shabbir, Feb 25, 2015
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  6. saptarshi_sachin

    saptarshi_sachin Responder

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    Entered Asian Paints today @810
     
    saptarshi_sachin, Mar 1, 2015
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  7. shabbir

    shabbir Administrator Staff Member

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    Should be really good entry point for either short term or even for longer term.
     
    shabbir, Mar 1, 2015
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