Asian Paints Ltd. is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range.
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The stock has support at rupee 3230
and resistance at rupee 3560. The volume
balance is positive and strengthens the stock
in the short term. The stock is overall
assessed as technically positive for the
medium long term.
