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Stock analysis Asian Paints Limited ASIANPAINT

More indepth analysis on MunafaSutra.com

Moving Averages for Asian Paints Limited

  • 5Day Average: 2479.18
  • 12Day Average: 2682.59
  • 20Day Average: 2802.23
  • 50Day Average: 3041.02
  • 100Day Average: 3045.24
  • 150Day Average: 2990.52
  • 200Day Average: 2964.55

ASIANPAINT Indicators & signals

Indicator MACD (12,26,9)

2643.35, 2804.14, -124.26
Indicator MACD is in negative zone

Indicator ADX (14)

75.18, 6.23, 43.96
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 31
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
19 Tue Nov 2024 2483.70 2472.35 to 2503.20 0% 0.4 times
18 Mon Nov 2024 2483.70 2470.80 to 2520.00 0.02% 0.41 times
14 Thu Nov 2024 2483.15 2466.20 to 2501.75 0.51% 0.52 times
13 Wed Nov 2024 2470.50 2451.10 to 2498.00 -0.18% 0.77 times
12 Tue Nov 2024 2474.85 2470.00 to 2535.00 -2.68% 1.48 times
11 Mon Nov 2024 2543.10 2506.00 to 2598.75 -8.17% 3.8 times
08 Fri Nov 2024 2769.45 2762.40 to 2847.00 -2.58% 0.88 times
07 Thu Nov 2024 2842.85 2825.00 to 2904.95 -1.88% 0.48 times
06 Wed Nov 2024 2897.30 2860.00 to 2907.85 0.35% 0.78 times
05 Tue Nov 2024 2887.30 2872.70 to 2918.80 -0.96% 0.4 times
04 Mon Nov 2024 2915.30 2885.50 to 2962.15 -0.84% 0.49 times
01 Fri Nov 2024 2939.85 2930.00 to 2965.75 0.14% 0.05 times

Technical analysis forecast for Asian Paints Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Asian Paints Limited ASIANPAINT at this time. Stock is falling and might fall more.

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

Stock of Asian Paints Limited (ASIANPAINT) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Asian Paints Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Asian Paints Limited stays below 2535.5, but if it comes above 2535.5, then a intra day buy could be more profitable.
If you take a sell trade below 2535.5, then use 2535.5 as stoploss and 2280.7 as target. However if you take a buy trade in Asian Paints Limited, then use 2535.5 as stoploss and 2747.83 as target.

More indepth analysis on MunafaSutra.com