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19-10-2023 10:38 AM | Source: Religare Broking Ltd
Stock of the day : Asian Paints Ltd For Target Rs. 80 - Religare Broking Ltd

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Asian Paints Ltd

* Asian Paints has been in a corrective phase from last more than 3 months.

* Its has witnessed a fresh breakdowm from consolidation range suggests bearish to continue.

* The stock is trading below its key moving averages indicates weakness in trend.

* We thus recommend creating shorts through the Put option.

Buy Asian Paints Ltd  CMP 39.00; Range 38-40 SL 19 ; Target 80


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