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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 2024-04-04 View latest technical analysis

10 day averaged volume of Asian Paints is 1116889

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	2918.30	2870.00	2943.25	2851.25	1.64 times
03 Wed Apr 2024	2869.35	2845.00	2884.55	2845.00	0.731 times
02 Tue Apr 2024	2874.20	2874.05	2892.40	2856.00	0.504 times
01 Mon Apr 2024	2871.00	2860.95	2886.45	2852.35	0.5 times
28 Thu Mar 2024	2846.75	2835.05	2868.00	2819.00	1.669 times
27 Wed Mar 2024	2830.50	2817.95	2842.85	2817.70	1.035 times
26 Tue Mar 2024	2814.65	2820.00	2844.15	2810.00	1.229 times
22 Fri Mar 2024	2841.50	2821.15	2855.15	2808.00	1.48 times
21 Thu Mar 2024	2821.15	2845.00	2845.40	2806.00	1.045 times
20 Wed Mar 2024	2824.90	2815.10	2837.05	2797.55	0.733 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2914.8, for a target of 2881.3 or 2853.26

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2776.75
Downside Target	2899.90
Upside Target	2940.05
Upside Target	2943.25
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	2861.12
Downside Intraday Target	2803.93
Upside Intraday Target	2959.37
Upside Intraday Target	3000.43
Downside Intraday Target	2902.18

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	2918.30	2860.95	2943.25	2845.00	0.858 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
04 Thu Apr 2024	2918.30	2860.95	2943.25	2845.00	0.176 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 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 BUY. 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 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 but selling is losing 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 2851.76 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 rising upwards.

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.