Asian Paint's relative strength in comparison to Nifty is poor. While Nifty has crossed above its Dec high, Asian paint has only retraced it. The stock is poor and is not worth investing in, especially when Nifty is going to fall from Tuesday onwards.
Even when Nifty will complete its downward Timewave, this stock is not worth investing in as it will underperform Nifty. Its best to ignore it.