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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 2024-05-24 View latest technical analysis

10 day averaged volume of Asian Paints is 1340655

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	2874.75	2910.20	2910.20	2867.00	0.564 times
23 Thu May 2024	2903.75	2885.00	2921.25	2877.30	0.882 times
22 Wed May 2024	2885.75	2851.80	2895.00	2836.60	0.697 times
21 Tue May 2024	2851.80	2815.00	2866.95	2801.00	0.688 times
18 Sat May 2024	2816.35	2824.00	2830.00	2810.20	0.039 times
17 Fri May 2024	2809.90	2814.60	2838.20	2786.10	0.988 times
16 Thu May 2024	2814.05	2821.05	2837.60	2786.55	1.144 times
15 Wed May 2024	2813.70	2866.15	2874.25	2806.15	0.918 times
14 Tue May 2024	2866.15	2879.00	2888.00	2842.00	0.745 times
13 Mon May 2024	2879.25	2771.25	2895.00	2754.10	2.05 times

My analysis of stock is bullish for shortterm, and stock might move up till 2917.8 or till 2988.4. Use a stoploss of 2858.93 and if this stock hits its stoploss, then it can fall down till 2800.06

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2670.10
Downside Target	2754.10
Upside Target	2899.90
Upside Target	2921.25
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	2810.08
Downside Intraday Target	2745.42
Upside Intraday Target	2930.33
Upside Intraday Target	2985.92
Downside Intraday Target	2865.67

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	2874.75	2815.00	2921.25	2801.00	0.481 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
24 Fri May 2024	2874.75	2875.10	2997.00	2670.10	1.225 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Asian Paints stock for short term is BUY. Signal strength is Weak 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Asian Paints in short term but SELL signal is weak.

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 2855.06 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.