ASIAN PAINTS has retraced 50% from it's recent high of 3568. The RSI has also cooled off and the stock seems to be making a bottom now at 50% retracement/200 EMA.
This looks like a good RR set-up for investors - No Intraday here.
Buy above 3250 on day closing basis. Put SL below 3130 day closing basis.
One can hold this and trail till 3568 level.
Learn & Earn,
Dr. Tanya Kumar
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