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ASIANPAINTS @ 2230 UPDATE
Ideally stock should have not break the recent swing low of 2250 and should have given the bounce towards 2500 to 2700 zone. But it didn't and currently stock is trading at the LOWEST RSI reading since the stock listed in stock market and still it's not able to give a small bounce of 200 points.
Another factor stock has broken its long term time frame rising trend line which is also worry factor for the stock.
STAY HIGHLY CAUTIOUS WITH THIS STOCK FOR TIME BEING DON'T FALL FOR IT SEEING LOWEST RSI READING OR IT'S A LARGER CAP STOCK GETTING AT DISCOUNTED RATE JUST DON'T FALL FOR IT AND AVOID THIS STOCK TOTALLY FOR TIME BEING EVEN FOR SHORT TERM TRADING PROSPECTIVE.
