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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 2024-02-19 View latest technical analysis

10 day averaged volume of Asian Paints is 1063731

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	2998.10	3007.90	3018.70	2987.50	0.527 times
16 Fri Feb 2024	3007.90	3035.00	3035.00	3000.00	1.109 times
15 Thu Feb 2024	3016.55	2980.00	3024.50	2967.45	1.005 times
14 Wed Feb 2024	2976.40	2969.90	2980.80	2936.05	0.705 times
13 Tue Feb 2024	2971.60	2964.95	2981.25	2945.70	0.674 times
12 Mon Feb 2024	2953.80	2951.65	2964.95	2920.05	0.578 times
09 Fri Feb 2024	2951.65	2930.00	2959.00	2910.55	1.076 times
08 Thu Feb 2024	2929.60	2999.75	2999.75	2919.80	1.536 times
07 Wed Feb 2024	2981.15	2957.00	3002.95	2936.05	1.066 times
06 Tue Feb 2024	2930.95	2931.00	2947.00	2902.65	1.383 times

My analysis of stock is bullish for shortterm, and stock might move up till 3026.8 or till 3087. Use a stoploss of 2976.54 and if this stock hits its stoploss, then it can fall down till 2926.33

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2902.65
Upside Target	3018.70
Upside Target	3035.00
Upside Target	3140.25
Upside Target	3189.20
Upside Target	3228.25
Upside Target	3232.10
Upside Target	3411.80
Upside Target	3422.95

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	2984.17
Downside Intraday Target	2970.23
Upside Intraday Target	3015.37
Upside Intraday Target	3032.63
Upside Intraday Target	3001.43

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Feb 2024	2998.10	3007.90	3018.70	2987.50	0.129 times
16 Fri Feb 2024	3007.90	2951.65	3035.00	2920.05	0.687 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

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
19 Mon Feb 2024	2998.10	2961.00	3035.00	2902.65	0.66 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 up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Asian Paints ( (ASIANPAINT) ) based on a short to mid 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.

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 Weak and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 2967.51 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 rising upwards.

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 is giving positive 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.