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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 2024-10-21 View latest technical analysis

10 day averaged volume of Asian Paints is 938721

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	3049.20	3007.05	3057.00	3000.55	0.86 times
18 Fri Oct 2024	2992.15	3057.00	3069.00	2980.60	0.958 times
17 Thu Oct 2024	3055.85	3082.90	3085.00	3037.00	0.719 times
16 Wed Oct 2024	3082.10	3088.00	3103.55	3066.10	0.814 times
15 Tue Oct 2024	3067.10	3075.00	3096.80	3047.65	1.323 times
14 Mon Oct 2024	3039.15	3037.00	3055.00	3017.20	0.763 times
11 Fri Oct 2024	3037.20	3059.20	3064.00	3026.00	1.04 times
10 Thu Oct 2024	3059.10	3090.05	3095.00	3043.00	1.238 times
09 Wed Oct 2024	3078.85	3095.55	3146.70	3071.75	1.306 times
08 Tue Oct 2024	3088.05	3058.00	3099.00	3045.65	0.871 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 3031.6 as stoploss in an intra day buy trade for a target of 3139.88. However, stock will show a bearish move below 3031.6.

Share price targets for Asian Paints (ASIANPAINT)

Target Type	Value
Downside Target	2775.75
Downside Target	2842.00
Downside Target	2966.00
Upside Target	3139.60
Upside Target	3146.70
Upside Target	3203.65
Upside Target	3206.75
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	3014.17
Downside Intraday Target	2979.13
Upside Intraday Target	3070.62
Upside Intraday Target	3092.03
Downside Intraday Target	3035.58

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	3049.20	3007.05	3057.00	3000.55	0.188 times
18 Fri Oct 2024	2992.15	3037.00	3103.55	2980.60	0.844 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

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 Mon Oct 2024	3049.20	3317.00	3328.95	2980.60	0.581 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 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 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 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 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.

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 but BUY 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 3055.8 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.