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NeeteshJain
Feb 13, 2016 5:16 PM

Asian Paints - TREND CHANGE Short

ASIAN PAINTS LTDNSE

Description

Key points that I noted on weekly chart,

1. Lower Lows and Lower Highs
2. Bearish Pattern
3. Bearish Divergence on RSI
4. Bearish Harami Candlestick pattern

It denotes and confirms a trend change signal and I would be very cautious in investing in it. I assume large institutes have started selling this stock.
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