Asian Paints - Swing Trade (Buy)

2 thg 2

CMP of Asian Paints is at 2 very strong support levels:

Yellow Line - 3 Years support level
Green Line - 8 Years support level

Also, RSI (Monthly timeframe) of Asian Paints in last 9 years has always bounced back from ~50 levels. Current RSI can be assumed to be at its minimum level. So very good BUY opportunity for 10% gains in short term from current levels.

7 thg 2

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Looks like its bouncing back.