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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 2024-04-08 View latest technical analysis

10 day averaged volume of Asian Paints is 1213787

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	2892.00	2908.00	2908.95	2873.80	0.47 times
05 Fri Apr 2024	2883.45	2924.00	2927.75	2880.00	0.952 times
04 Thu Apr 2024	2918.30	2870.00	2943.25	2851.25	1.509 times
03 Wed Apr 2024	2869.35	2845.00	2884.55	2845.00	0.673 times
02 Tue Apr 2024	2874.20	2874.05	2892.40	2856.00	0.463 times
01 Mon Apr 2024	2871.00	2860.95	2886.45	2852.35	0.46 times
28 Thu Mar 2024	2846.75	2835.05	2868.00	2819.00	1.536 times
27 Wed Mar 2024	2830.50	2817.95	2842.85	2817.70	0.953 times
26 Tue Mar 2024	2814.65	2820.00	2844.15	2810.00	1.131 times
22 Fri Mar 2024	2841.50	2821.15	2855.15	2808.00	1.362 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2887.5, but if it comes below 2887.5, then a intra day sell could be more profitable.
If you take a sell trade below 2887.5, then use 2887.5 as stoploss and 2859.64 as target. However if you take a buy trade in stock , then use 2887.5 as stoploss and 2920.9 as target.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2776.75
Upside Target	2899.90
Upside Target	2908.95
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	2874.22
Downside Intraday Target	2856.43
Upside Intraday Target	2909.37
Upside Intraday Target	2926.73
Downside Intraday Target	2891.58

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	2892.00	2908.00	2908.95	2873.80	0.116 times
05 Fri Apr 2024	2883.45	2860.95	2943.25	2845.00	1.121 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

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
08 Mon Apr 2024	2892.00	2860.95	2943.25	2845.00	0.256 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 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 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 losing 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 tired and bears are picking up momentum.

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 SELL signal for Asian Paints in short term but SELL signal is weak.

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 2861.93 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.