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ASIANPAINTS @ 2340 TRADINGVIEW UPDATE
Stock is one of the heavily beaten down among the BLUE CHIP STOCKS.
Currently stock is showing DAILY POSITIVE DIVERGENCE which is indicating that if stock does not break the recent low which is 2250 spot levels then we may see a corrective bounce up move towards minimum 2523 to maximum 2690 spot levels in days to come.
NOTE: if stock breaks 2250 spot levels on closing basis then this view fails and stock remains weak and sideways despite of oversold RSI and positive divergence. SO UNDERSTAND THE IMPORTANCE OF 2250 SPOT LEVELS & ACT ACCORDIGNLY.
