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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 2024-05-02 View latest technical analysis

10 day averaged volume of Asian Paints is 1038156

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	2975.40	2875.10	2988.00	2875.10	2.402 times
30 Tue Apr 2024	2875.90	2855.00	2912.00	2855.00	1.243 times
29 Mon Apr 2024	2868.20	2844.15	2873.95	2839.00	0.545 times
26 Fri Apr 2024	2844.15	2870.00	2878.20	2837.05	0.603 times
25 Thu Apr 2024	2861.45	2865.00	2869.90	2829.05	1.536 times
24 Wed Apr 2024	2867.75	2882.95	2883.10	2860.00	0.692 times
23 Tue Apr 2024	2874.90	2852.00	2877.95	2844.00	0.895 times
22 Mon Apr 2024	2841.85	2846.60	2846.60	2814.05	0.651 times
19 Fri Apr 2024	2808.55	2790.00	2822.10	2766.15	1.289 times
18 Thu Apr 2024	2807.70	2855.00	2859.20	2800.10	1.669 times

Stock of Asian Paints (ASIANPAINT) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2947.6, for a target of 2903.8 or 2867.3

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2766.15
Downside Target	2899.90
Downside Target	2916.45
Downside Target	2940.05
Downside Target	2943.25
Upside Target	2988.00
Upside Target	3035.00
Upside Target	3411.80

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	2880.27
Downside Intraday Target	2785.13
Upside Intraday Target	3029.27
Upside Intraday Target	3083.13
Downside Intraday Target	2934.13

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	2975.40	2844.15	2988.00	2839.00	0.958 times
26 Fri Apr 2024	2844.15	2846.60	2883.10	2814.05	0.934 times
19 Fri Apr 2024	2808.55	2830.20	2859.20	2766.15	1.188 times
12 Fri Apr 2024	2854.50	2908.00	2916.45	2845.00	0.832 times
05 Fri Apr 2024	2883.45	2860.95	2943.25	2845.00	1.121 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
02 Thu May 2024	2975.40	2875.10	2988.00	2875.10	0.123 times
30 Tue Apr 2024	2875.90	2860.95	2943.25	2766.15	0.945 times
28 Thu Mar 2024	2846.75	2832.90	2899.90	2777.75	0.679 times
29 Thu Feb 2024	2821.90	2961.00	3035.00	2776.75	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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Asian Paints ( (ASIANPAINT) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Asian Paints stock for short term is BUY. 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Asian Paints in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 2872.79 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.