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Black pepper (Kali Mirch) Benefits

Black Pepper  Black pepper, scientifically known as Piper nigrum , also known as " Kali Mirch " in Hindi, is one of the most popular spices in the world. It is known for its pungent flavor and culinary versatility. Here are some key details about black pepper:   1. Appearance: Black pepper is a small, round, and wrinkled berry that turns dark black or dark brown when fully ripe. It is usually ground into a fine powder for cooking.   2. Flavor: Black pepper is important for its pungent, spicy, and slightly hot taste. The flavor comes from a natural compound called piperine.   3. Culinary Uses: Black pepper is used in a wide range of savory dishes. It's often used as a seasoning to enhance the flavor of food. Ground black pepper is commonly found on dining tables worldwide. Whole black peppercorns are used in various dishes, especially in pickling and brining. Black pepper is a versatile spice and pairs well with a variety of other seasonings.   4. Health Benefits...
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Asian Paint Ltd Share Price Drops - Chart Analysis

Asian Paint Ltd Share Price Drops on Q2 Results

This week India's largest paint company Asian Paints Ltd stock price fell 4.32% and 10.58% in the last month, while in the last six months, it gained nearly 2%. 

The company reported a consolidated net profit of ₹1.287.4 crore for the September quarter, up 54% from ₹782.7 crore a year ago, despite flat revenue growth.

Its revenue rose a mere 0.3% to ₹8,478.57 crore during the quarter under review, the reasons are low demand, a delayed festive season, and erratic monsoon rains.

"Unpredictable monsoon impacted overall market sentiment potentially leading to deferment of sale to October given the late Diwali this year. Growth in the automotive and refinish business was decent. In contrast, our general industrial coatings business sustained its double-digit growth trajectory," said Amit Syngle, managing director and chief executive, of Asian Paints."

The paint manufacturer’s material costs for Q2 fell from ₹4,925 crore a year ago to ₹3,918.27 crore. The company’s earnings before interest, taxes, depreciation, and amortization stood at ₹1,716.2 crore, while its operating margin was at 20.3%. Net cash at the end of Q2 was at ₹3,542.8 crore.

During the quarter, the firm witnessed 6% volume growth in the decorative paint business. It also reported sustained revenue growth in industrial business. Revenue fell 3.9% in its international business to ₹775 crore due to certain macroeconomic challenges.

Asian Paint Ltd Share Chart Analysis:

The one-day chart shows the bullish upmove from May 2020 and made an all-time high of  3590 in January 2022. After that price tried to break its all-time high two times in September 2022 and July 2023 but failed to break its all-time high. Also, the price created higher lows from March 2022. It shows that, currently a chart is in a consolidation phase.



 If we plot the fib retracement tool on a chart in a daily time frame it shows 2510.7 is a fib 0.5 level. Also, in March 2022 and June 2022 chart took support from the same level. It increases the importance of this level. If the price fails to take support from the 0.5%  fib level then there is a high chance of downfall. But the company is fundamentally strong so fall will not sustain for a longer time. It will bounce back as per current market conditions and fundamentals. We can not predict the future now. 




If we focus on higher lows created in a daily timeframe, after connecting those points rising trend line will form. Price may bounce back from this trend line. 







In the following picture white line is a 200-day exponential moving average. The moving average does not show any clear trend direction, the price is hovering back and forth over the 200-day exponential moving average. 




As per the price action analysis of a chart chart is in a consolidation phase. buyers should wait until the price shows some bullish move at the important key level. Find bullish patterns near this key level before taking any decision.

The following are the important key level points for buyers which are shown in the chart

1.  0.5% to 0.618% Fib retracement level

2. Rising trend line which connects higher lows created in a daily timeframe.

3. Breaking the all-time high of the chart.

4. Showing clear trend direction

The probability of giving a very good bull rally is after breaking an all-time high. it will create a flag and pol chart pattern.


* Disclaimer: The above information is for educational purposes only. Please make your own analysis before making any decision or take advice from your trusted financial expert.

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