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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 2024-05-10 View latest technical analysis

10 day averaged volume of Asian Paints is 1476355

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	2771.25	2699.00	2792.60	2670.10	1.679 times
09 Thu May 2024	2710.10	2828.00	2853.95	2703.80	2.403 times
08 Wed May 2024	2843.30	2900.00	2905.00	2821.00	1.12 times
07 Tue May 2024	2913.00	2947.00	2967.95	2904.00	0.426 times
06 Mon May 2024	2932.15	2950.00	2959.00	2911.20	0.521 times
03 Fri May 2024	2929.75	2983.05	2997.00	2909.25	1.08 times
02 Thu May 2024	2975.40	2875.10	2988.00	2875.10	1.689 times
30 Tue Apr 2024	2875.90	2855.00	2912.00	2855.00	0.874 times
29 Mon Apr 2024	2868.20	2844.15	2873.95	2839.00	0.384 times
26 Fri Apr 2024	2844.15	2870.00	2878.20	2837.05	0.424 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2800.2, but if it comes above 2800.2, then a intra day buy could be more profitable.
If you take a sell trade below 2800.2, then use 2800.2 as stoploss and 2731.4 as target. However if you take a buy trade in stock , then use 2800.2 as stoploss and 2857.55 as target.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2670.10
Downside Target	2766.15
Upside Target	2899.90
Upside Target	2916.45
Upside Target	2940.05
Upside Target	2943.25
Upside Target	2967.95
Upside Target	2997.00
Upside Target	3035.00
Upside Target	3411.80

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	2638.25
Downside Intraday Target	2505.25
Upside Intraday Target	2936.1
Upside Intraday Target	3100.95
Upside Intraday Target	2803.1

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	2771.25	2950.00	2967.95	2670.10	1.527 times
03 Fri May 2024	2929.75	2844.15	2997.00	2839.00	1.308 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Asian Paints (ASIANPAINT)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Fri May 2024	2771.25	2875.10	2997.00	2670.10	0.649 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 down 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 to mid 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 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 SELL signal for Asian Paints in short term and the sell signal is strong.

Asian Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY 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 2842.34 and Asian Paints (ASIANPAINT) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.