Asian Paints Bearish Divergence
Updated
Asian Paints is showing bearish divergence on RSI,MFI and MACD and also its breaking down from flag pattern, my observation is one can short with a stop of 1820 on closing basis , there can be a sharp down side for Asian Paints from current levels
Trade active
Asian Paints is moving as expected , I would suggest if someone took a trade seeing my analysis move your stoploss to 1800 now and keep riding the trade, there can be substantial downside nowTrade closed: stop reached
Revised stoploss has been hit
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