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Stock analysis Asian Paints Limited ASIANPAINT

More indepth analysis on MunafaSutra.com

Moving Averages for Asian Paints Limited

  • 5Day Average: 2964.16
  • 12Day Average: 2939.04
  • 20Day Average: 2921.22
  • 50Day Average: 2893.24
  • 100Day Average: 2882.92
  • 150Day Average: 2983.1
  • 200Day Average: 3017.51

ASIANPAINT Indicators & signals

Indicator MACD (12,26,9)

2948.49, 2924.53, 14.04
Indicator MACD is in positive zone

Indicator ADX (14)

43.66, 29.69, 11.65
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
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
12 Fri Jul 2024 2999.15 2970.90 to 3052.00 -0.76% 1.58 times
11 Thu Jul 2024 3022.05 2973.00 to 3030.00 0.85% 1.66 times
10 Wed Jul 2024 2996.45 2894.35 to 3014.50 3.15% 1.94 times
09 Tue Jul 2024 2905.00 2890.00 to 2913.20 0.24% 0.58 times
08 Mon Jul 2024 2898.15 2890.70 to 2935.90 -1.29% 0.7 times
05 Fri Jul 2024 2935.90 2913.10 to 2946.90 0.03% 0.69 times
04 Thu Jul 2024 2934.90 2923.00 to 2968.45 0.32% 0.82 times
03 Wed Jul 2024 2925.55 2916.00 to 2948.95 -0% 0.78 times
02 Tue Jul 2024 2925.60 2912.00 to 2936.00 -0.08% 0.9 times
01 Mon Jul 2024 2927.80 2888.00 to 2939.00 0.37% 0.93 times
28 Fri Jun 2024 2917.05 2862.20 to 2932.00 1.26% 1.02 times
27 Thu Jun 2024 2880.85 2845.00 to 2903.00 0.61% 1.37 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.

My analysis of Asian Paints Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Asian Paints Limited stays above 2974, but if it comes below 2974, then a intra day sell could be more profitable.
If you take a sell trade below 2974, then use 2974 as stoploss and 2932.42 as target. However if you take a buy trade in Asian Paints Limited, then use 2974 as stoploss and 3023.9 as target.

More indepth analysis on MunafaSutra.com