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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 2024-03-27 View latest technical analysis

10 day averaged volume of Asian Paints is 1150822

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	2830.50	2817.95	2842.85	2817.70	1.005 times
26 Tue Mar 2024	2814.65	2820.00	2844.15	2810.00	1.193 times
22 Fri Mar 2024	2841.50	2821.15	2855.15	2808.00	1.436 times
21 Thu Mar 2024	2821.15	2845.00	2845.40	2806.00	1.015 times
20 Wed Mar 2024	2824.90	2815.10	2837.05	2797.55	0.712 times
19 Tue Mar 2024	2815.10	2840.00	2840.00	2801.00	1.042 times
18 Mon Mar 2024	2846.50	2866.00	2866.00	2817.25	0.817 times
15 Fri Mar 2024	2867.55	2895.00	2896.95	2850.00	1.178 times
14 Thu Mar 2024	2892.25	2860.00	2898.05	2841.00	1.201 times
13 Wed Mar 2024	2860.15	2878.60	2887.25	2835.00	0.831 times

My analysis of stock is bearish for shortterm, and stock might move down till 2815.6 or till 2785.4. Use a stoploss of 2840.75 and if the stock hits stoploss, then it can shoot up till 2865.9

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2776.75
Upside Target	2899.90
Upside Target	2930.00
Upside Target	2940.05
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	2812.28
Downside Intraday Target	2794.07
Upside Intraday Target	2846.43
Upside Intraday Target	2862.37
Downside Intraday Target	2828.22

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Mar 2024	2830.50	2820.00	2844.15	2810.00	0.438 times
22 Fri Mar 2024	2841.50	2866.00	2866.00	2797.55	1.106 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

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
27 Wed Mar 2024	2830.50	2832.90	2899.90	2777.75	0.62 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Asian Paints ( (ASIANPAINT) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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

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 2842.28 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.