buzzing stock-Asian Paints Ltd stock buy around 950-1000 for medium to long terms

Asian Paints Ltd stock technical analysis Asian Paints Ltd stock technical analysis ASIANPAINT stock is trading at 1026 with almost 3% loss. Stock is top loser in F&O segment as well as on nifty 50 index.   ASIANPAINT stock in last trading session achieved downside targets of 1014 and 1960 after that given strong recovery and closed at 1051. Today we saw stock resumed profit booking trend and trading at 1026 and heading for 1014 target on downside. ASIANPAINT stock is below 1122 remain weak and sell on rise on downside 1014 and 960 are targets which are already achieved.   ASIANPAINT stock future traders can trail stop loss above 1050 and expect short term targets at 1014 and then 960 for November series. Option traders can use ASIANPAINT 1000 put options as buy on decline with stop loss for big targets. Today its premium rallied form low of 6 rupee to high near 13 rupees.   From medium to long term view, ASIANPAINT stock has making bottom around 1000 rupee zones and heading for targets 1160 and 1390 rupees. Out of which 1160 target already achieved with previous swing high.

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Pramod Baviskar

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