YES!! but you need to prepare like a professional to get those results.
If there is no rust, get a few sheets of wet/dry sandpaper (1000, 1500, 2000 grit). maybe two sheets each.
Get a real respirator. they are about $35
https://www.lowes.com/pd/3M-Reusable-Painting-Valved-Safety-Mask/1000035337
You don't want these vapors in your lungs, they can cause nerve damage.
Also get goggles
https://www.lowes.com/pd/3M-Reusable-Painting-Valved-Safety-Mask/1000035337
and gloves
https://www.lowes.com/pd/3M-Large-Nitrile-Cleaning-Gloves/3451206
wear long sleeve shirt and pants.
wash the hood well to get the heavy dirt off then rinse.
I fold the sheet in 1/4ths and tear at the seams. using teh 1000 grit, start on the transition between the good clear and the peeled clear. Wet the hood with soapy water (carwash works)
and sand with your flat palm. use light to medium pressure. Don't press hard. You want the sandpaper to do the work. Think of the sandpaper like a saw. When its sharp it will cut well, when it gets dull you need to change the blade. Keep the hood wet to let the sandpaper slide easily. Sand in straight back and forth motions following the body lines of the hood. If there are no body lines on the hood you can go in circular motion like car waxing. Sand the roughest spots first to smooth them out. once they are smooth, sand the rest of the hood.
Wash the hood to remove the sanding slurry.
Dry and wipe down with rubbing alcohol (70% or higher clear type not green) This will remove any oil that will make the paint "fish eye"
Get a few cans of duplicolor in you cars paint color (have more than you need so you don't run out) you can always return extras.
Mask off the car with cut open 33 gallon garbage bags or whatever. Overspray will go EVERYWHERE. Its best to paint in a large garage so bugs and grass trimmings, leaves, etc don't get into the wet paint. Do not DIY a small paint booth with poor ventilation. you need a open enough area so you can properly ventilate the fumes.
Look at youtube videos on proper painting technique but the basics are 1) apply multiple light coats (at least 2) instead of one heavy one that will likely run. 2) Press the spray button off the the side of where you are painting before moving across the surface of where you are painting. if you point a the surface then press the the button you will likely get a heavy coat there that will be hard to blend out. 3) keep the can equal distance awat from the hood during the entire left to right pass. 4) don't move the can too fast while spraying. Say about "3 Mississippi" counts for a full left to right sweep. 5) Start a the windshield and work your way back to the front bumper. They way you are not leaning into wet paint to get the back of the hood.
Let the first coat set for the amount of time stated on the can (few minutes). Then make the second coat the same way. That should make it look pretty good.
I would let that dry for at least two weeks.
Get two cans of this clear coat.
https://www.amazon.com/Spray-High-G...D806Y/ref=asc_df_B00W2D806Y/?tag=hyprod-
20&linkCode=df0&hvadid=312128189269&hvpos=1o1&hvnetw=g&hvrand=12288399076999319489&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9027693&hvtargid=pla-570217458937&psc=1
Then wash and lightly wet sand again with 1500 grit this time. You are just trying to knock off the shine of the color paint and a few nibs or other small imperfections in the paint.
Make sure all of the surface is dull with no shine but don't sand through the color coat. light touch and even coverage. Watch those body lines as the outside edge will sand through easy if you lean on it.
Wash the hood and clean with alcohol again.
Mask off the car and suit up in your resporator and goggles.
look at the youtube videos for the clear. You use red cap the crack the internal vessel and release the hardner inside. You only have ~2 hours to spray after you do this so be ready. shake the can thouroughly.
spray with the same technique as the color coat. At least two coats (likely three) with ~5-10 minutes in between. Let this dry.
If you like the shinyness and you didnt get much "orange peel" affect, your are done. If not there are two extra steps.
let dry for at least 2 weeks.
get your 1500 sand paper and lightly sand the hood focusing on the orange peel spots. keep a flat hand. then follow with the 2000 grit sand paper.
The get some meguiars Ultimate polish from walmart and a foam polishing pad (or microfiber). put some on and strong arm polish a 1 foot area. wipe clean with a microfiber cloth and admire your work, it will shine like a new car. Continue for the rest of the hood.
The 2K clearcoat will help the paint job last for years instead of a single year.
You can wax the paint after about 1 month to give it plenty of time to outgass and dry out.