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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 2024-02-12 View latest technical analysis

10 day averaged volume of Asian Paints is 1610272

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	2953.80	2951.65	2964.95	2920.05	0.382 times
09 Fri Feb 2024	2951.65	2930.00	2959.00	2910.55	0.711 times
08 Thu Feb 2024	2929.60	2999.75	2999.75	2919.80	1.015 times
07 Wed Feb 2024	2981.15	2957.00	3002.95	2936.05	0.704 times
06 Tue Feb 2024	2930.95	2931.00	2947.00	2902.65	0.914 times
05 Mon Feb 2024	2917.35	2950.00	2965.00	2912.00	0.573 times
02 Fri Feb 2024	2936.30	2950.00	2962.35	2924.05	1.169 times
01 Thu Feb 2024	2929.35	2961.00	2972.85	2919.95	1.867 times
31 Wed Jan 2024	2957.85	2966.00	2971.90	2948.05	1.1 times
30 Tue Jan 2024	2954.10	2990.00	3005.00	2951.05	0.791 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 2910.4 as stoploss in an intra day buy trade for a target of 3035.16. However, stock will show a bearish move below 2910.4.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2902.65
Upside Target	3005.00
Upside Target	3048.60
Upside Target	3140.25
Upside Target	3189.20
Upside Target	3228.25
Upside Target	3232.10
Upside Target	3320.00
Upside Target	3411.80
Upside Target	3422.95

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	2927.58
Downside Intraday Target	2901.37
Upside Intraday Target	2972.48
Upside Intraday Target	2991.17
Downside Intraday Target	2946.27

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Feb 2024	2953.80	2951.65	2964.95	2920.05	0.097 times
09 Fri Feb 2024	2951.65	2950.00	3002.95	2902.65	0.644 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

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
12 Mon Feb 2024	2953.80	2961.00	3002.95	2902.65	0.485 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 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 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 getting stronger in this stock.

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 2941.87 and Asian Paints (ASIANPAINT) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.