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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 2024-01-16 View latest technical analysis

10 day averaged volume of Asian Paints is 597187

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	3296.90	3274.95	3320.00	3273.90	1.253 times
15 Mon Jan 2024	3273.90	3282.20	3287.20	3258.60	1.219 times
12 Fri Jan 2024	3277.80	3294.95	3294.95	3244.00	1.127 times
11 Thu Jan 2024	3288.20	3286.85	3309.20	3270.70	0.9 times
10 Wed Jan 2024	3286.85	3292.00	3293.00	3258.20	1.157 times
09 Tue Jan 2024	3267.50	3310.00	3315.00	3262.25	1.123 times
08 Mon Jan 2024	3298.40	3355.00	3376.50	3294.85	0.914 times
05 Fri Jan 2024	3355.55	3379.95	3380.40	3348.00	0.698 times
04 Thu Jan 2024	3379.95	3372.00	3401.25	3363.80	1.301 times
03 Wed Jan 2024	3373.60	3391.35	3399.00	3365.00	0.635 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 3288.7 as stoploss in an intra day buy trade for a target of 3337.55. However, stock will show a bearish move below 3288.7.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2930.00
Downside Target	3134.00
Downside Target	3228.25
Upside Target	3345.00
Upside Target	3345.20
Upside Target	3359.95
Upside Target	3376.50
Upside Target	3411.80
Upside Target	3422.95

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	3263.67
Downside Intraday Target	3230.43
Upside Intraday Target	3325.07
Upside Intraday Target	3353.23
Downside Intraday Target	3291.83

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	3296.90	3282.20	3320.00	3258.60	0.473 times
12 Fri Jan 2024	3277.80	3355.00	3376.50	3244.00	1.294 times
05 Fri Jan 2024	3355.55	3403.00	3411.80	3345.00	0.851 times
29 Fri Dec 2023	3402.40	3349.95	3422.95	3345.20	0.546 times
22 Fri Dec 2023	3341.30	3313.00	3359.95	3271.85	0.937 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
16 Tue Jan 2024	3296.90	3403.00	3411.80	3244.00	0.355 times
29 Fri Dec 2023	3402.40	3146.95	3422.95	3140.25	1.296 times
30 Thu Nov 2023	3119.90	2997.95	3228.25	2930.00	0.829 times
31 Tue Oct 2023	2995.70	3166.10	3232.10	2931.00	1.008 times

Scroll below to view daily charts

Price has moved down 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Asian Paints stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Asian Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL 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 3306.3 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.