Asian Paint is following nifty in terms of RSI, a bearish divergence has been seen. Current PE ratio of Asian Paints is high as per industry PE ratio. Also 3 bar reversal pattern can be seen in monthly chart, indicating a long term downfall in Asian paints.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.