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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 2024-03-12 View latest technical analysis

10 day averaged volume of Asian Paints is 1298262

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	2876.15	2880.00	2899.90	2865.45	0.511 times
11 Mon Mar 2024	2876.85	2895.55	2896.55	2853.10	0.667 times
07 Thu Mar 2024	2870.55	2825.00	2894.00	2825.00	1.205 times
06 Wed Mar 2024	2827.30	2827.95	2839.00	2777.75	1.327 times
05 Tue Mar 2024	2820.40	2834.00	2834.85	2805.00	0.567 times
04 Mon Mar 2024	2831.75	2860.00	2860.95	2828.00	0.748 times
02 Sat Mar 2024	2849.80	2840.00	2862.10	2836.05	0.069 times
01 Fri Mar 2024	2831.75	2832.90	2845.95	2815.05	0.753 times
29 Thu Feb 2024	2821.90	2785.00	2838.00	2776.75	1.76 times
28 Wed Feb 2024	2794.35	2850.15	2859.40	2785.50	1.904 times

My analysis of stock is bearish for shortterm, and stock might move down till 2826.9 or till 2730.6. Use a stoploss of 2907.23 and if the stock hits stoploss, then it can shoot up till 2987.53

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2776.75
Downside Target	2853.10
Upside Target	2932.10
Upside Target	2940.05
Upside Target	3027.20
Upside Target	3035.00
Upside Target	3140.25
Upside Target	3228.25
Upside Target	3411.80
Upside Target	3422.95

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	2852.87
Downside Intraday Target	2829.58
Upside Intraday Target	2899.67
Upside Intraday Target	2923.18
Upside Intraday Target	2876.38

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	2876.15	2895.55	2899.90	2853.10	0.306 times
07 Thu Mar 2024	2870.55	2860.00	2894.00	2777.75	0.469 times
02 Sat Mar 2024	2849.80	2920.00	2930.00	2776.75	1.642 times
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

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 Tue Mar 2024	2876.15	2832.90	2899.90	2777.75	0.24 times
29 Thu Feb 2024	2821.90	2961.00	3035.00	2776.75	1.296 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

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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 buy signal for Asian Paints in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 2831.74 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 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.