Asian Paints in oversold zone: Analyst urges caution for new trade
Asian Paints has been in a short-term downtrend, losing 7% over the past month. Technicals suggest further weakness, but fundamentally, it remains a strong bet despite near-term earnings pressure and margin strain. Analyst Anupam Bajpai advised investors to wait for a bullish candlestick on the daily chart before entering the stock.