ASIANPAINT - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.7

📊 Technical Overview of Asian Paints Ltd. (ASIANPAINT)

📈 Trend Analysis

Current Price: ₹2,402

50 DMA: ₹2,356

200 DMA: ₹2,453

Trend Status: The stock is in a mild reversal phase, trading above the 50 DMA but still below the 200 DMA. This suggests early recovery, though not yet a confirmed breakout.

📈 Momentum Indicators

RSI (55.7): Neutral to slightly bullish — indicates moderate strength, with room for further upside.

MACD (6.99): Positive — signals early bullish crossover, but momentum is not yet strong.

Volume: 17.85L vs 1-week avg of 7.60L — well above average, showing renewed buying interest.

📊 Bollinger Bands

Price likely near the upper-middle band, consistent with a gradual recovery.

Bands are moderately expanding, suggesting momentum building but not yet a breakout.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 2,356 Support

200 DMA 2,453 Resistance

Current Price 2,402 Between DMAs — transitional zone

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 2,350–2,360 50 DMA zone

Support 2 2,250–2,275 Previous swing low zone

Resistance 1 2,450–2,475 200 DMA zone

Resistance 2 2,600–2,650 Trendline resistance

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹2,360–₹2,375 (on dip near 50 DMA)

Exit Zone (Short-Term): ₹2,450–₹2,475 (initial resistance), ₹2,600+ (if breakout confirms)

Stop Loss: ₹2,325 (below support zone)

📌 Summary

Trend: Reversing upward

Momentum: Building gradually

Volume: Strong — supports recovery

Setup: Suitable for early accumulation; breakout above ₹2,475 with volume would confirm trend reversal

Would you like a comparative analysis with Berger Paints or other FMCG leaders to assess sector-wide momentum?

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