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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 2024-05-21 View latest technical analysis

10 day averaged volume of Asian Paints is 1619936

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	2851.80	2815.00	2866.95	2801.00	0.569 times
18 Sat May 2024	2816.35	2824.00	2830.00	2810.20	0.032 times
17 Fri May 2024	2809.90	2814.60	2838.20	2786.10	0.818 times
16 Thu May 2024	2814.05	2821.05	2837.60	2786.55	0.947 times
15 Wed May 2024	2813.70	2866.15	2874.25	2806.15	0.76 times
14 Tue May 2024	2866.15	2879.00	2888.00	2842.00	0.617 times
13 Mon May 2024	2879.25	2771.25	2895.00	2754.10	1.697 times
10 Fri May 2024	2771.25	2699.00	2792.60	2670.10	1.53 times
09 Thu May 2024	2710.10	2828.00	2853.95	2703.80	2.19 times
08 Wed May 2024	2843.30	2900.00	2905.00	2821.00	1.02 times

My analysis of stock is bearish for shortterm, and stock might move down till 2798.3 or till 2729.1. Use a stoploss of 2855.93 and if the stock hits stoploss, then it can shoot up till 2913.59

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2670.10
Downside Target	2754.10
Upside Target	2895.00
Upside Target	2899.90
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	2812.88
Downside Intraday Target	2773.97
Upside Intraday Target	2878.83
Upside Intraday Target	2905.87
Downside Intraday Target	2839.92

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	2851.80	2815.00	2866.95	2801.00	0.117 times
18 Sat May 2024	2816.35	2771.25	2895.00	2754.10	0.869 times
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

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
21 Tue May 2024	2851.80	2875.10	2997.00	2670.10	1.083 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Asian Paints stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Asian Paints in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Asian Paints Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

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

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 2803.97 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 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.