ASIANPAINTS showing negative divergence on Weekly charts indicating weakness for short term.
ROC is clearly showing this divergence.
Increasing Oil prices and a Weakening Rupee are putting pressure on paint company margins for short term duration.
Be careful if holding long positions
ROC is clearly showing this divergence.
Increasing Oil prices and a Weakening Rupee are putting pressure on paint company margins for short term duration.
Be careful if holding long positions
@purvishdiwanji