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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 2024-02-20 View latest technical analysis

10 day averaged volume of Asian Paints is 1027457

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	3011.65	2998.10	3017.10	2972.10	0.71 times
19 Mon Feb 2024	2998.10	3007.90	3018.70	2987.50	0.546 times
16 Fri Feb 2024	3007.90	3035.00	3035.00	3000.00	1.148 times
15 Thu Feb 2024	3016.55	2980.00	3024.50	2967.45	1.04 times
14 Wed Feb 2024	2976.40	2969.90	2980.80	2936.05	0.73 times
13 Tue Feb 2024	2971.60	2964.95	2981.25	2945.70	0.698 times
12 Mon Feb 2024	2953.80	2951.65	2964.95	2920.05	0.598 times
09 Fri Feb 2024	2951.65	2930.00	2959.00	2910.55	1.114 times
08 Thu Feb 2024	2929.60	2999.75	2999.75	2919.80	1.59 times
07 Wed Feb 2024	2981.15	2957.00	3002.95	2936.05	1.104 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 3005.2, but if it comes below 3005.2, then a intra day sell could be more profitable.
If you take a sell trade below 3005.2, then use 3005.2 as stoploss and 2970.19 as target. However if you take a buy trade in stock , then use 3005.2 as stoploss and 3047.2 as target.

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	2982.93
Downside Intraday Target	2954.22
Upside Intraday Target	3029.53
Upside Intraday Target	3047.42
Downside Intraday Target	3000.82

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	3011.65	3007.90	3018.70	2972.10	0.298 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 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
20 Tue Feb 2024	3011.65	2961.00	3035.00	2902.65	0.69 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 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 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 in or above the red cloud Prices appear to be moving up

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 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 2976.53 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.