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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 2024-01-17 View latest technical analysis

10 day averaged volume of Asian Paints is 616769

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	3242.30	3294.10	3304.35	3193.05	3.631 times
16 Tue Jan 2024	3296.90	3274.95	3320.00	3273.90	1.213 times
15 Mon Jan 2024	3273.90	3282.20	3287.20	3258.60	1.181 times
12 Fri Jan 2024	3277.80	3294.95	3294.95	3244.00	1.091 times
11 Thu Jan 2024	3288.20	3286.85	3309.20	3270.70	0.871 times
10 Wed Jan 2024	3286.85	3292.00	3293.00	3258.20	1.12 times
09 Tue Jan 2024	3267.50	3310.00	3315.00	3262.25	1.087 times
08 Mon Jan 2024	3298.40	3355.00	3376.50	3294.85	0.885 times
05 Fri Jan 2024	3355.55	3379.95	3380.40	3348.00	0.676 times
04 Thu Jan 2024	3379.95	3372.00	3401.25	3363.80	1.26 times

Stock of Asian Paints (ASIANPAINT) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3279.8, but if it comes above 3279.8, then a intra day buy could be more profitable.
If you take a sell trade below 3279.8, then use 3279.8 as stoploss and 3216.2 as target. However if you take a buy trade in stock , then use 3279.8 as stoploss and 3332.86 as target.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2930.00
Downside Target	3134.00
Upside Target	3334.80
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	3183.57
Downside Intraday Target	3124.83
Upside Intraday Target	3310.52
Upside Intraday Target	3378.73
Upside Intraday Target	3251.78

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jan 2024	3242.30	3282.20	3320.00	3193.05	1.192 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 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
17 Wed Jan 2024	3242.30	3403.00	3411.80	3193.05	0.468 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 Strong and stock is gaining 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 coming down

CCI has generated a SELL signal for Asian Paints in short term and SELL 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

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 3285.27 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.