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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 2024-04-02 View latest technical analysis

10 day averaged volume of Asian Paints is 1208639

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	2874.20	2874.05	2892.40	2856.00	0.465 times
01 Mon Apr 2024	2871.00	2860.95	2886.45	2852.35	0.462 times
28 Thu Mar 2024	2846.75	2835.05	2868.00	2819.00	1.543 times
27 Wed Mar 2024	2830.50	2817.95	2842.85	2817.70	0.957 times
26 Tue Mar 2024	2814.65	2820.00	2844.15	2810.00	1.135 times
22 Fri Mar 2024	2841.50	2821.15	2855.15	2808.00	1.367 times
21 Thu Mar 2024	2821.15	2845.00	2845.40	2806.00	0.966 times
20 Wed Mar 2024	2824.90	2815.10	2837.05	2797.55	0.678 times
19 Tue Mar 2024	2815.10	2840.00	2840.00	2801.00	0.992 times
18 Mon Mar 2024	2846.50	2866.00	2866.00	2817.25	0.778 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2871.5, but if it comes below 2871.5, then a intra day sell could be more profitable.
If you take a sell trade below 2871.5, then use 2871.5 as stoploss and 2847.95 as target. However if you take a buy trade in stock , then use 2871.5 as stoploss and 2899.8 as target.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2776.75
Upside Target	2892.40
Upside Target	2894.00
Upside Target	2899.90
Upside Target	2940.05
Upside Target	3035.00
Upside Target	3140.25
Upside Target	3411.80
Upside Target	3422.95

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	2853.57
Downside Intraday Target	2832.93
Upside Intraday Target	2893.62
Upside Intraday Target	2913.03
Downside Intraday Target	2872.98

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	2874.20	2860.95	2892.40	2852.35	0.255 times
28 Thu Mar 2024	2846.75	2820.00	2868.00	2810.00	0.76 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

Price has moved up 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
02 Tue Apr 2024	2874.20	2860.95	2892.40	2852.35	0.052 times
28 Thu Mar 2024	2846.75	2832.90	2899.90	2777.75	0.679 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

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 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 BUY. Signal strength is Weak 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. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Asian Paints in short term and BUY signal is strong.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 2835.37 and Asian Paints (ASIANPAINT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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.