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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 2024-02-06 View latest technical analysis

10 day averaged volume of Asian Paints is 1802803

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	2930.95	2931.00	2947.00	2902.65	0.816 times
05 Mon Feb 2024	2917.35	2950.00	2965.00	2912.00	0.512 times
02 Fri Feb 2024	2936.30	2950.00	2962.35	2924.05	1.044 times
01 Thu Feb 2024	2929.35	2961.00	2972.85	2919.95	1.668 times
31 Wed Jan 2024	2957.85	2966.00	2971.90	2948.05	0.982 times
30 Tue Jan 2024	2954.10	2990.00	3005.00	2951.05	0.706 times
29 Mon Jan 2024	2976.05	2940.05	2988.45	2940.05	1.033 times
25 Thu Jan 2024	2949.20	3010.05	3016.00	2942.30	1.11 times
24 Wed Jan 2024	2999.45	3055.00	3055.00	2976.10	1.479 times
23 Tue Jan 2024	3054.70	3087.55	3109.00	3021.55	1.312 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2952.2, but if it comes above 2952.2, then a intra day buy could be more profitable.
If you take a sell trade below 2952.2, then use 2952.2 as stoploss and 2774.5 as target. However if you take a buy trade in stock , then use 2952.2 as stoploss and 3100.36 as target.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2902.65
Upside Target	3140.25
Upside Target	3189.20
Upside Target	3228.25
Upside Target	3232.10
Upside Target	3244.00
Upside Target	3320.00
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	2900.73
Downside Intraday Target	2870.52
Upside Intraday Target	2963.08
Upside Intraday Target	2995.22
Upside Intraday Target	2932.87

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	2930.95	2950.00	2965.00	2902.65	0.244 times
02 Fri Feb 2024	2936.30	2940.05	3005.00	2919.95	1.34 times
25 Thu Jan 2024	2949.20	3179.90	3189.20	2942.30	1.102 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

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
06 Tue Feb 2024	2930.95	2961.00	2972.85	2902.65	0.299 times
31 Wed Jan 2024	2957.85	3403.00	3411.80	2940.05	1.235 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

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 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 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 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 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

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 2965.58 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.