#ASIANPAINT #Weekly
Broken below the channel & then important zone of 2850, can fall towards 2270, i.e. 61.8% pullback of last rise
RSI displays downward momentum
#CrudeOil account for 60-70% of raw material cost
#stocks #StocksInFocus #Nifty
Not trading call, academic post

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As rightly pointed out by experts, Asian Paints' dominance in the Paints Industry is unshakable. Even the entry of a formidable rival, the specter of a lock-down & alleged nose-bleed valuations of 88x has made no difference to the megabagger. The stock is up 83% on a YoY basis. https://t.co/OFnFAbnQGA

Asian Paints vs. Grasim: Paints is not a very easy industry at all. It is a low-capex consumer business. Asian Paints has built its business over last 35-40 years. The Birlas are not in any consumer businesses. So it is going to be tough for Grasim https://t.co/CqkmFnsaiT pic.twitter.com/iK8ZcvYxpJ
— RJ Stocks (@RakJhun) January 25, 2021