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(ASIANPAINT) Asian Paints complete technical analysis [charts+indicators] | Buy/Sell Asian Paints | (ASIANPAINT) share price targets

Complete technical analysis of Asian Paints (ASIANPAINT) by charts plus indicators, forecast predictions and share price targets for Asian Paints (ASIANPAINT)

Asian Paints trades in NSE in Furniture-Furnishing-Paints sector.

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Asian Paints is 1724031

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	2831.75	2832.90	2845.95	2815.05	0.567 times
29 Thu Feb 2024	2821.90	2785.00	2838.00	2776.75	1.325 times
28 Wed Feb 2024	2794.35	2850.15	2859.40	2785.50	1.434 times
27 Tue Feb 2024	2859.55	2855.00	2870.00	2850.10	0.752 times
26 Mon Feb 2024	2868.45	2920.00	2930.00	2847.80	2.044 times
23 Fri Feb 2024	2985.95	2999.00	3005.00	2966.20	0.957 times
22 Thu Feb 2024	3017.40	2983.00	3027.20	2932.10	1.517 times
21 Wed Feb 2024	3001.80	3012.05	3026.75	2983.50	0.538 times
20 Tue Feb 2024	3011.65	2998.10	3017.10	2972.10	0.423 times
19 Mon Feb 2024	2998.10	3007.90	3018.70	2987.50	0.325 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2872.7, but if it comes above 2872.7, then a intra day buy could be more profitable.
If you take a sell trade below 2872.7, then use 2872.7 as stoploss and 2790.3 as target. However if you take a buy trade in stock , then use 2872.7 as stoploss and 2941.39 as target.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2776.75
Upside Target	3002.95
Upside Target	3005.00
Upside Target	3027.20
Upside Target	3035.00
Upside Target	3140.25
Upside Target	3228.25
Upside Target	3411.80
Upside Target	3422.95

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	2762.33
Downside Intraday Target	2692.92
Upside Intraday Target	2915.58
Upside Intraday Target	2999.42
Upside Intraday Target	2846.17

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	2831.75	2920.00	2930.00	2776.75	1.628 times
23 Fri Feb 2024	2985.95	3007.90	3027.20	2932.10	1.497 times
16 Fri Feb 2024	3007.90	2951.65	3035.00	2920.05	0.687 times
09 Fri Feb 2024	2951.65	2950.00	3002.95	2902.65	0.644 times
02 Fri Feb 2024	2936.30	2940.05	3005.00	2919.95	1.34 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Asian Paints (ASIANPAINT)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	2831.75	2832.90	2845.95	2815.05	0.031 times
29 Thu Feb 2024	2821.90	2961.00	3035.00	2776.75	1.296 times
31 Wed Jan 2024	2957.85	3403.00	3411.80	2940.05	1.235 times
29 Fri Dec 2023	3402.40	3146.95	3422.95	3140.25	1.296 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Asian Paints (ASIANPAINT)

Price action analysis of Asian Paints ( (ASIANPAINT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Asian Paints ( (ASIANPAINT) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Asian Paints ( (ASIANPAINT) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Asian Paints stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Asian Paints in short term and the sell signal is strong.

Asian Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Asian Paints in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Asian Paints is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2900.57 and Asian Paints (ASIANPAINT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Asian Paints (ASIANPAINT) stock. Volume based technical analysis of Asian Paints (ASIANPAINT) stock is negative.

Asian Paints Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.