After giving a good upside now we can see loss of momentum in asian paints. On breach of the trendline (at around 1500) on 1hr chart we can look to short the stock with target of 1477-1460. On breach of 1460 we can see further bearishness in the stock which will lead the pirce to 1435--1400. View is violated if this stock closes above all time high of 1538.
Actually it is showing a sign of strength by still remaining in the accumulation zone even when nifty is sliding from past 3 days. Any shorting will be possible below 1496.
mklives
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@ashutoshsinghy2k, wont run away on top much since the 20 dma is way below..