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asian paints

Discussion in 'Technical Analysis' started by verenmitter2001, Dec 20, 2012.

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  1. verenmitter2001

    verenmitter2001 Member

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    Hi
    whats your view on asian paints

    can we enter in shorterm as volume are very favourable.
    Trend is upside but i am not able to identify the tgt and stop loss.

    kindly suggest.

    Regards
    veren
     
    verenmitter2001, Dec 20, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Fundamentally I really love this stock and technically always a good one to buy when this stock just breaks above the previous high.
     
    shabbir, Dec 20, 2012
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  3. verenmitter2001

    verenmitter2001 Member

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    Thanks shabbir
    But what should be the target and stop loss

    Regards
    Veren Mitter
     
    verenmitter2001, Dec 20, 2012
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  4. verenmitter2001

    verenmitter2001 Member

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    Also shabbir
    Can you help I'm identify volume
    How do we identify stock with volumes. Today my friend commented that there was very high volume traded in markets but how identify it and how do we identify stock on volume? Is it simply looking at volumes of stock or else?

    Regards
    Veren
     
    verenmitter2001, Dec 20, 2012
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  5. shabbir

    shabbir Administrator Staff Member

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    Chartink shows volume in the lower part.

    For target, I would say hold with a trailing stop and that is the best way in stock like Asian Paints, Nestle.
     
    shabbir, Dec 21, 2012
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  6. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    It looks like there is can be breakout in Asian paints
    Please give your views

    Regards
    Veren
     
    verenmitter2001, Jan 30, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes above 4500 definitely a must have stock but an anticipated breakout can also be played for in this stock
     
    shabbir, Jan 31, 2013
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  8. krasquinha

    krasquinha Member

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    I think the target is 4900 ...
     
    krasquinha, Jan 31, 2013
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  9. shabbir

    shabbir Administrator Staff Member

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    Any number is as good as that
     
    shabbir, Jan 31, 2013
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  10. verenmitter2001

    verenmitter2001 Member

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    hi can we still enter as i could not buy it for 4500 levels it is high priced stock so can not able to decide about taking position.. CMP 4560

    pl advise though i have anticipated breakout but lost the oppurtunity to enter at the rt levels.

    regards
    Veren
     
    verenmitter2001, Jan 31, 2013
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  11. verenmitter2001

    verenmitter2001 Member

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    hmmm are we speaking of that high numbers....... what time period
     
    verenmitter2001, Jan 31, 2013
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  12. shabbir

    shabbir Administrator Staff Member

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    Does not matter because it is going up since 2500 where I had it.
     
    shabbir, Jan 31, 2013
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  13. viraf53

    viraf53 New Member

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    I have a target of 5600 for 12 months period. Your views shabbir sir. Even I like berger paints and with good results today, it should cross 200+ easily.
     
    viraf53, Feb 4, 2013
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  14. viraf53

    viraf53 New Member

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    What should I do about Hindustan Unilever? My buying price is Rs.554 and I bought it for long term i.e. 2 to 3 years.
     
    viraf53, Feb 4, 2013
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  15. shabbir

    shabbir Administrator Staff Member

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    Do not jump into any thread with query and try creating a new thread for each stock please.
     
    shabbir, Feb 4, 2013
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  16. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    What should be the stop loss for asian paints. I entered at 4530 with sl 4343...
    I should review the sl to 4261.....
    Please share your views and was my sl correct???

    Regards
    Veren
     
    verenmitter2001, Feb 27, 2013
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  17. shabbir

    shabbir Administrator Staff Member

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    Changing the SL now is not recommended but then for Asian Paints your SL should have been 4260 in the first place only.
     
    shabbir, Feb 27, 2013
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  18. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    Asain paints has reached 4610 mark today.
    Highest it made was 4645.
    we consider breakout above 4645 or 4600 can be taken as breakout and fresh position can be added.

    Regards
    veren
     
    verenmitter2001, Mar 8, 2013
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  19. shabbir

    shabbir Administrator Staff Member

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    With a SL of 4235, you can consider entering now as well. It would be an anticipated breakout pattern. Anticipated pattern will be very less risky looking at the chart of Asian paints of almost 3 years now.
     
    shabbir, Mar 8, 2013
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  20. viraf53

    viraf53 New Member

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    I have been accumulating Asian Paints since 3860. It is a moat company. My medium to longterm target is 5600+
     
    viraf53, Mar 9, 2013
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