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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 2024-01-19 View latest technical analysis

10 day averaged volume of Asian Paints is 922985

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	3165.85	3177.80	3201.55	3148.60	1.014 times
18 Thu Jan 2024	3163.85	3257.95	3257.95	3048.60	2.144 times
17 Wed Jan 2024	3242.30	3294.10	3304.35	3193.05	2.426 times
16 Tue Jan 2024	3296.90	3274.95	3320.00	3273.90	0.811 times
15 Mon Jan 2024	3273.90	3282.20	3287.20	3258.60	0.789 times
12 Fri Jan 2024	3277.80	3294.95	3294.95	3244.00	0.729 times
11 Thu Jan 2024	3288.20	3286.85	3309.20	3270.70	0.582 times
10 Wed Jan 2024	3286.85	3292.00	3293.00	3258.20	0.749 times
09 Tue Jan 2024	3267.50	3310.00	3315.00	3262.25	0.727 times
08 Mon Jan 2024	3298.40	3355.00	3376.50	3294.85	0.591 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 3158.5, for a target of 3246.2 or 3319.34

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2930.00
Downside Target	3048.60
Downside Target	3134.00
Upside 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	3036.3
Downside Intraday Target	2906.75
Upside Intraday Target	3307.7
Upside Intraday Target	3449.55
Upside Intraday Target	3178.15

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	3165.85	3282.20	3320.00	3048.60	2.127 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Asian Paints (ASIANPAINT)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Jan 2024	3165.85	3403.00	3411.80	3048.60	0.616 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 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 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 losing momentum.

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

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 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 3238.6 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 negative.

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