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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 2024-01-23 View latest technical analysis

10 day averaged volume of Asian Paints is 947915

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	3054.70	3087.55	3109.00	3021.55	2.495 times
22 Mon Jan 2024	3138.80	3179.90	3189.20	3130.35	0.291 times
19 Fri Jan 2024	3165.85	3177.80	3201.55	3148.60	0.988 times
18 Thu Jan 2024	3163.85	3257.95	3257.95	3048.60	2.088 times
17 Wed Jan 2024	3242.30	3294.10	3304.35	3193.05	2.362 times
16 Tue Jan 2024	3296.90	3274.95	3320.00	3273.90	0.789 times
15 Mon Jan 2024	3273.90	3282.20	3287.20	3258.60	0.768 times
12 Fri Jan 2024	3277.80	3294.95	3294.95	3244.00	0.71 times
11 Thu Jan 2024	3288.20	3286.85	3309.20	3270.70	0.567 times
10 Wed Jan 2024	3286.85	3292.00	3293.00	3258.20	0.729 times

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

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 3077.9, for a target of 3195.1 or 3292.79

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2930.00
Downside Target	3021.55
Upside Target	3134.00
Upside Target	3320.00
Upside Target	3334.80
Upside Target	3345.00
Upside Target	3345.20
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	2987.77
Downside Intraday Target	2920.83
Upside Intraday Target	3155.42
Upside Intraday Target	3256.13
Upside Intraday Target	3088.48

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	3054.70	3179.90	3189.20	3021.55	0.398 times
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

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
23 Tue Jan 2024	3054.70	3403.00	3411.80	3021.55	0.75 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 and the sell signal is strong.

Asian Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 3192.55 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.