Asian Paints - Swing Trade (Buy)

Feb 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.

Feb 7

Trade active

Looks like its bouncing back.