After a deep cut from the top, Asian Paints is consolidating Nr. Trend line support, It is getting rejected from 20 MA. Also RSI 50 earlier acting as support now becomes resistance.
4 times It has taken support from the same RSI and one time rejected, again it is trying to give BO on RSI chart.
In a ratio chart Asian Paints has taken at the same level.
4 times It has taken support from the same RSI and one time rejected, again it is trying to give BO on RSI chart.
In a ratio chart Asian Paints has taken at the same level.
Trade active:
Now it has taken continuous support @ MA 20 and Yesterday closed above 50MA with above average volume.
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