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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 2024-06-04 View latest technical analysis

10 day averaged volume of Asian Paints is 1227081

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	2857.65	2880.00	2897.00	2775.75	2.187 times
03 Mon Jun 2024	2866.45	2950.00	2950.00	2860.05	0.776 times
31 Fri May 2024	2881.20	2883.70	2906.00	2855.60	2.054 times
30 Thu May 2024	2883.70	2875.25	2910.85	2875.00	1.096 times
29 Wed May 2024	2900.15	2896.00	2921.70	2881.10	1.433 times
28 Tue May 2024	2911.20	2875.85	2921.00	2864.00	0.884 times
27 Mon May 2024	2872.30	2887.90	2898.30	2855.55	0.666 times
24 Fri May 2024	2874.75	2910.20	2910.20	2867.00	0.616 times
23 Thu May 2024	2903.75	2885.00	2921.25	2877.30	0.963 times
22 Wed May 2024	2885.75	2851.80	2895.00	2836.60	0.761 times

Stock of Asian Paints (ASIANPAINT) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, and stock might move up till 2898.7 or till 2956.4. Use a stoploss of 2850.64 and if this stock hits its stoploss, then it can fall down till 2802.55

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	2921.70
Upside Target	2943.25
Upside Target	2950.00
Upside Target	2967.95
Upside Target	2997.00
Upside Target	3035.00

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	2772.27
Downside Intraday Target	2686.88
Upside Intraday Target	2946.52
Upside Intraday Target	3035.38
Upside Intraday Target	2861.13

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	2857.65	2950.00	2950.00	2775.75	0.483 times
31 Fri May 2024	2881.20	2887.90	2921.70	2855.55	1.984 times
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

Price has moved down 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
04 Tue Jun 2024	2857.65	2950.00	2950.00	2775.75	0.112 times
31 Fri May 2024	2881.20	2875.10	2997.00	2670.10	1.596 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Asian Paints ( (ASIANPAINT) ) based on a short to mid 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 mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2881.96 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 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.