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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 2024-03-18 View latest technical analysis

10 day averaged volume of Asian Paints is 1030864

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	2846.50	2866.00	2866.00	2817.25	0.912 times
15 Fri Mar 2024	2867.55	2895.00	2896.95	2850.00	1.316 times
14 Thu Mar 2024	2892.25	2860.00	2898.05	2841.00	1.34 times
13 Wed Mar 2024	2860.15	2878.60	2887.25	2835.00	0.927 times
12 Tue Mar 2024	2876.15	2880.00	2899.90	2865.45	0.643 times
11 Mon Mar 2024	2876.85	2895.55	2896.55	2853.10	0.841 times
07 Thu Mar 2024	2870.55	2825.00	2894.00	2825.00	1.518 times
06 Wed Mar 2024	2827.30	2827.95	2839.00	2777.75	1.671 times
05 Tue Mar 2024	2820.40	2834.00	2834.85	2805.00	0.714 times
04 Mon Mar 2024	2831.75	2860.00	2860.95	2828.00	0.942 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2814.5 as stoploss in an intra day buy trade for a target of 2880.6. However, stock will show a bearish move below 2814.5.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2776.75
Upside Target	2930.00
Upside Target	2932.10
Upside Target	2940.05
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	2820.5
Downside Intraday Target	2794.5
Upside Intraday Target	2869.25
Upside Intraday Target	2892
Downside Intraday Target	2843.25

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	2846.50	2866.00	2866.00	2817.25	0.18 times
15 Fri Mar 2024	2867.55	2895.55	2899.90	2835.00	1.046 times
07 Thu Mar 2024	2870.55	2860.00	2894.00	2777.75	0.469 times
02 Sat Mar 2024	2849.80	2920.00	2930.00	2776.75	1.642 times
23 Fri Feb 2024	2985.95	3007.90	3027.20	2932.10	1.497 times

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

Monthly technical analysis of Asian Paints (ASIANPAINT)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	2846.50	2832.90	2899.90	2777.75	0.387 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 term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Asian Paints ( (ASIANPAINT) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 gaining momentum.

MACD generated a BUY signal for Asian Paints in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Asian Paints Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Asian Paints in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2857.41 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.