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Published on 9/09/2019 9:28:07 AM | Source: Religare Securities Ltd

Buy Asian Paints Ltd For Target Rs.1570 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Asian Paints Ltd #Paint #Trading Report #Religare Securities Ltd

Religare Super Ideas

Asian Paints Limited (ASIANPAINT)

After a marginal correction from its record high, ASIANPAINT has reached closer to support zone of 50 day EMA on daily chart. Indications are in the favor of marginal consolidation, followed by rebound. Considering its chart pattern and overall upside trend, we expect a steady rise ahead. We suggest initiating fresh longs as per the given levels.

Recommendation

Buy Asian Paints Limited @ 1510-1520 Stoploss 1490 Target 1570 CMP 1532.40

 

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