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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 2024-02-23 View latest technical analysis

10 day averaged volume of Asian Paints is 1030792

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	2985.95	2999.00	3005.00	2966.20	1.601 times
22 Thu Feb 2024	3017.40	2983.00	3027.20	2932.10	2.538 times
21 Wed Feb 2024	3001.80	3012.05	3026.75	2983.50	0.899 times
20 Tue Feb 2024	3011.65	2998.10	3017.10	2972.10	0.708 times
19 Mon Feb 2024	2998.10	3007.90	3018.70	2987.50	0.544 times
16 Fri Feb 2024	3007.90	3035.00	3035.00	3000.00	1.144 times
15 Thu Feb 2024	3016.55	2980.00	3024.50	2967.45	1.037 times
14 Wed Feb 2024	2976.40	2969.90	2980.80	2936.05	0.728 times
13 Tue Feb 2024	2971.60	2964.95	2981.25	2945.70	0.696 times
12 Mon Feb 2024	2953.80	2951.65	2964.95	2920.05	0.596 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 3001.6 as stoploss in an intra day sell trade for a target of 2970.28. However, stock will show a bullish move above 3001.6.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2902.65
Upside Target	3002.95
Upside Target	3027.20
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	2936.3
Downside Intraday Target	2886.65
Upside Intraday Target	3031.4
Upside Intraday Target	3076.85
Downside Intraday Target	2981.75

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	2985.95	3007.90	3027.20	2932.10	1.497 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
23 Fri Feb 2024	2985.95	2961.00	3035.00	2902.65	0.903 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Strong 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 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 2999.26 and Asian Paints (ASIANPAINT) stock is trading below this level. This means that stock is falling with high volumes. 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.