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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 2024-10-16 View latest technical analysis

10 day averaged volume of Asian Paints is 1131125

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	3082.10	3088.00	3103.55	3066.10	0.675 times
15 Tue Oct 2024	3067.10	3075.00	3096.80	3047.65	1.098 times
14 Mon Oct 2024	3039.15	3037.00	3055.00	3017.20	0.633 times
11 Fri Oct 2024	3037.20	3059.20	3064.00	3026.00	0.863 times
10 Thu Oct 2024	3059.10	3090.05	3095.00	3043.00	1.027 times
09 Wed Oct 2024	3078.85	3095.55	3146.70	3071.75	1.084 times
08 Tue Oct 2024	3088.05	3058.00	3099.00	3045.65	0.723 times
07 Mon Oct 2024	3062.25	3075.00	3098.55	3038.00	0.804 times
04 Fri Oct 2024	3072.50	3135.00	3156.75	3054.55	1.372 times
03 Thu Oct 2024	3149.30	3192.30	3225.90	3126.50	1.539 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3070 as stoploss in an intra day buy trade for a target of 3178.8. However, stock will show a bearish move below 3070.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2775.75
Downside Target	2842.00
Downside Target	2966.00
Upside Target	3203.65
Upside Target	3206.75
Upside Target	3251.55
Upside Target	3328.95
Upside Target	3337.95
Upside Target	3358.00
Upside Target	3394.90

Intraday share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Intraday Target	3031.68
Downside Intraday Target	2981.27
Upside Intraday Target	3118.03
Upside Intraday Target	3153.97
Downside Intraday Target	3067.62

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	3082.10	3037.00	3103.55	3017.20	0.535 times
11 Fri Oct 2024	3037.20	3075.00	3146.70	3026.00	0.952 times
04 Fri Oct 2024	3072.50	3310.75	3358.00	3054.55	1.166 times
27 Fri Sep 2024	3310.75	3316.95	3337.95	3206.75	1.023 times
20 Fri Sep 2024	3306.95	3360.00	3394.90	3251.55	0.603 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
16 Wed Oct 2024	3082.10	3317.00	3328.95	3017.20	0.486 times
30 Mon Sep 2024	3329.10	3148.00	3394.90	3139.60	1.075 times
30 Fri Aug 2024	3126.80	3088.00	3203.65	2966.00	0.597 times
31 Wed Jul 2024	3084.45	2889.30	3098.00	2842.00	1.55 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 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 neutral. A longer time frame might give a better analysis.

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 neutral. A longer time frame might give a better analysis.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 and selling is picking up 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 3078.95 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.