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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 2024-10-22 View latest technical analysis

10 day averaged volume of Asian Paints is 928437

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	3006.85	3054.00	3057.95	2995.25	0.584 times
21 Mon Oct 2024	3049.20	3007.05	3057.00	3000.55	0.869 times
18 Fri Oct 2024	2992.15	3057.00	3069.00	2980.60	0.969 times
17 Thu Oct 2024	3055.85	3082.90	3085.00	3037.00	0.726 times
16 Wed Oct 2024	3082.10	3088.00	3103.55	3066.10	0.823 times
15 Tue Oct 2024	3067.10	3075.00	3096.80	3047.65	1.338 times
14 Mon Oct 2024	3039.15	3037.00	3055.00	3017.20	0.771 times
11 Fri Oct 2024	3037.20	3059.20	3064.00	3026.00	1.051 times
10 Thu Oct 2024	3059.10	3090.05	3095.00	3043.00	1.251 times
09 Wed Oct 2024	3078.85	3095.55	3146.70	3071.75	1.32 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3019.2, but if it comes above 3019.2, then a intra day buy could be more profitable.
If you take a sell trade below 3019.2, then use 3019.2 as stoploss and 2890.7 as target. However if you take a buy trade in stock , then use 3019.2 as stoploss and 3126.35 as target.

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	2982.08
Downside Intraday Target	2957.32
Upside Intraday Target	3044.78
Upside Intraday Target	3082.72
Upside Intraday Target	3020.02

Weekly technical analysis of Asian Paints (ASIANPAINT)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	3006.85	3007.05	3057.95	2995.25	0.314 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
22 Tue Oct 2024	3006.85	3317.00	3328.95	2980.60	0.603 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 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 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 Strong and stock is gaining momentum.

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

Asian Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 3049.93 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.