2026-01-12 10:02:48 am | Source: Religare Broking Ltd
Stock of the day : Asian Paints Ltd by Target Rs. 3010 - Religare Broking Ltd
Asian Paints Ltd
Buy Asian Paints Ltd CMP 2825.50 Range 2822-2828 SL 2730 Target 3010
* Asian Paints continues to exhibit a structurally bullish setup following a decisive breakout and orderly consolidation phase.
* The stock is trading above its medium- and long-term moving averages, confirming trend strength, indicating improving momentum.
* Volume expansion during the prior advance supports institutional accumulation, and the current range-bound activity reflects consolidation rather than distribution
* The technical setup makes favorable environment for initiating long positions.
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