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