ASIANPAINT - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.7

Here’s a detailed technical analysis of Asian Paints Ltd. (ASIANPAINT)

📊 Trend Overview

Current Trend: The stock is in a consolidation phase after a prolonged downtrend from its 52-week high of ₹3,358. Price is hovering around key moving averages, indicating indecision and lack of directional conviction.

Price Action: Trading at ₹2,478, exactly at the 50-DMA and slightly above the 200-DMA (₹2,471), suggesting a neutral bias with potential for reversal if momentum improves.

📈 Momentum Indicators

RSI (44.3): Bearish-neutral zone. Indicates weak buying interest and no clear momentum.

MACD (5.34): Mildly positive, but lacks strength. Suggests early signs of recovery but not yet confirmed.

Volume: Current volume (4.35L) is below the 1-week average (5.50L), showing low participation, which supports the consolidation narrative.

📉 Volatility & Bands

Bollinger Bands: Price is near the middle band, confirming range-bound movement. No breakout or breakdown signal yet.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 2,425 – 2,450 Near recent swing low and psychological base

Resistance 2,500 – 2,550 Previous rejection zone and minor resistance

Breakout 2,600+ Above this, next target is ₹2,750 – ₹2,900

🎯 Entry & Exit Strategy

Optimal Entry: ₹2,430 – ₹2,470 (on dips with bullish reversal confirmation)

Exit Zone: ₹2,550 – ₹2,600 (partial profit booking); ₹2,750+ (final resistance)

Stop Loss: ₹2,400 (below recent support)

🔍 Summary

Trend: Consolidating

Momentum: Weak signals from RSI and MACD

Volume: Below average, confirming lack of breakout strength

Outlook: Neutral to mildly bullish; watch for breakout above ₹2,500–₹2,600 with volume for trend reversal confirmation

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