Hero MotoCorp faced a trend-line resistance at a higher level of Rs 3,200. It saw a profit booking and slipped towards its previous breakout level of Rs 2,900, before resuming a new leg of rally.
Tata Communications is currently demonstrating a strong momentum, as it is approaching record high level. A flag breakout on the weekly chart suggests a continuation of the upward trend.
Sun Pharma has been trading in a potential falling wedge pattern. From a short-term point of view, the immediate resistance for the stock comes at Rs 990 and support at Rs 921
Grasim’s aim to pull off a Jio puts Asian Paints valuations in doubt
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Many have come and failed as they were unable to get past Asian Paints’ unmatched distribution and value proposition to customers.
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MUMBAI: India’s decorative paints industry has been a lucrative ground for those who have wanted to challenge the hegemony of market leader Asian Paints over the years. Many have come and failed as they were unable to get past Asian Paints’ unmatched distribution and value proposition to customers.
This time it’s different or so the Dalal Street feels.