ASIAN PAINTS has given a buy signal according to range bound trading strategy. The lower limit of the range is 2707.05 and the upper limit of the range is 3500. The stock has covered the range three times in the past. Although the March 2024 quarterly results are not as good as the previous quarter but with increasing demand of residential projects in Bharat(which can be tracked by the news articles), the demand of paint is also bound to increase and this will surely enhance the turnover and profitability of the largest paint maker in Bharat.
Please do your own analysis before investing.
Hope you learned something new from my ideas.
Do like, share and follow me. thank you
Please do your own analysis before investing.
Hope you learned something new from my ideas.
Do like, share and follow me. thank you