ASIANPAINTS showing negative divergence on Weekly charts indicating weakness for short term.
ROC is clearly showing this divergence.
Increasing Oil prices and a Weakening Rupee are putting pressure on paint company margins for short term duration.
Be careful if holding long positions
ROC is clearly showing this divergence.
Increasing Oil prices and a Weakening Rupee are putting pressure on paint company margins for short term duration.
Be careful if holding long positions
@purvishdiwanji
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@purvishdiwanji
Disclaimer
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.