ASIAN PAINTS LTDLong
ASIANPAINTS buy/sell?
ASIANPAINTS monthly chart shows price is nearing channel lower side.
We need to see whether it takes support or breaks down longterm channel.
NOTE: Asianpaints seen-ve sales growth in Q2FY25. Its made some CAPEX, yet to see its result.
Paint Industry growth is down currently. Need to see how it grows Q3, Q4FY25.
Personally want to buy if i see any reversal near channel support. Lets see.
Check Indigo Paints in this Industry which i feel also a good player.
We need to see whether it takes support or breaks down longterm channel.
NOTE: Asianpaints seen-ve sales growth in Q2FY25. Its made some CAPEX, yet to see its result.
Paint Industry growth is down currently. Need to see how it grows Q3, Q4FY25.
Personally want to buy if i see any reversal near channel support. Lets see.
Check Indigo Paints in this Industry which i feel also a good player.
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