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Stock analysis Asian Paints Limited ASIANPAINT

More indepth analysis on MunafaSutra.com

Moving Averages for Asian Paints Limited

  • 5Day Average: 2885.02
  • 12Day Average: 2858.35
  • 20Day Average: 2867.3
  • 50Day Average: 2872.59
  • 100Day Average: 3028.02
  • 150Day Average: 3058.93
  • 200Day Average: 3120.34

ASIANPAINT Indicators & signals

Indicator MACD (12,26,9)

2876.08, 2870.53, -5.87
Indicator MACD is in positive zone

Indicator ADX (14)

25.73, 28.56, 16.87
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ASIANPAINT Asian Paints Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 2975.40 2875.10 to 2988.00 3.46% 2.4 times
30 Tue Apr 2024 2875.90 2855.00 to 2912.00 0.27% 1.24 times
29 Mon Apr 2024 2868.20 2839.00 to 2873.95 0.85% 0.55 times
26 Fri Apr 2024 2844.15 2837.05 to 2878.20 -0.6% 0.6 times
25 Thu Apr 2024 2861.45 2829.05 to 2869.90 -0.22% 1.54 times
24 Wed Apr 2024 2867.75 2860.00 to 2883.10 -0.25% 0.69 times
23 Tue Apr 2024 2874.90 2844.00 to 2877.95 1.16% 0.89 times
22 Mon Apr 2024 2841.85 2814.05 to 2846.60 1.19% 0.65 times
19 Fri Apr 2024 2808.55 2766.15 to 2822.10 0.03% 1.29 times
18 Thu Apr 2024 2807.70 2800.10 to 2859.20 -0.79% 1.67 times
16 Tue Apr 2024 2830.00 2820.00 to 2841.45 -0.51% 0.88 times
15 Mon Apr 2024 2844.40 2812.35 to 2853.50 -0.35% 0.85 times

Technical analysis forecast of Asian Paints Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Asian Paints Limited ASIANPAINT at this time. Stock is rising and might rise more.

It appears as if Asian Paints Limited ASIANPAINT gave a large move recently.

Stock of Asian Paints Limited (ASIANPAINT) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Asian Paints Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2949.9, for a target of 2906.1 or 2869.67

More indepth analysis on MunafaSutra.com