ASIANPAINT - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.2
| Stock Code | ASIANPAINT | Market Cap | 2,56,341 Cr. | Current Price | 2,672 ₹ | High / Low | 2,986 ₹ |
| Stock P/E | 63.8 | Book Value | 199 ₹ | Dividend Yield | 0.93 % | ROCE | 27.3 % |
| ROE | 20.7 % | Face Value | 1.00 ₹ | DMA 50 | 2,497 ₹ | DMA 200 | 2,503 ₹ |
| Chg in FII Hold | -0.67 % | Chg in DII Hold | 0.66 % | PAT Qtr | 1,146 Cr. | PAT Prev Qtr | 956 Cr. |
| RSI | 67.3 | MACD | 61.8 | Volume | 9,09,252 | Avg Vol 1Wk | 9,85,147 |
| Low price | 2,115 ₹ | High price | 2,986 ₹ | PEG Ratio | 9.02 | Debt to equity | 0.08 |
| 52w Index | 64.0 % | Qtr Profit Var | 3.80 % | EPS | 39.4 ₹ | Industry PE | 34.2 |
📊 Chart Patterns: ASIANPAINT is trending upward with resistance near ₹2,700–₹2,750 and support around ₹2,500 (DMA zone). Trendlines confirm bullish continuation after a strong rebound from support levels.
📈 Moving Averages: Current price (₹2,672) is above both 50 DMA (₹2,497) and 200 DMA (₹2,503), confirming bullish alignment.
📊 RSI: At 67.3, RSI indicates strong momentum, approaching overbought territory.
📉 MACD: Positive at 61.8, confirming bullish crossover and short-term upward bias.
📊 Bollinger Bands: Price is near upper band, suggesting strong momentum with potential volatility expansion.
📊 Volume Trends: Current volume (9,09,252) is slightly below 1-week average (9,85,147), showing reduced participation despite bullish signals.
🚀 Momentum Signals: Bullish bias with potential breakout if price sustains above ₹2,700.
🎯 Entry Zone: ₹2,620–₹2,650 (near DMA support).
🎯 Exit Zone: ₹2,700–₹2,750 (resistance zone and upper Bollinger band).
📌 Trend Status: Strongly trending upward with bullish bias.
Positive
- Strong ROCE (27.3%) and ROE (20.7%) highlight excellent capital efficiency.
- EPS at ₹39.4 supports earnings visibility.
- Price trading above both 50 DMA and 200 DMA confirms bullish structure.
- DII holdings increased (+0.66%), reflecting domestic institutional confidence.
Limitation
- High P/E (63.8) compared to industry PE (34.2) suggests steep valuation.
- PEG ratio (9.02) indicates expensive growth expectations.
- FII holdings decreased (-0.67%), showing reduced foreign investor confidence.
- Volume slightly below average, limiting breakout conviction.
Company Negative News
- Valuation concerns persist due to high P/E and PEG ratios.
Company Positive News
- Quarterly PAT improved (₹1,146 Cr. vs ₹956 Cr.), showing earnings momentum.
- Stock trading near 52-week high (₹2,986) reflects strong investor sentiment.
Industry
- Industry PE at 34.2 is much lower than ASIANPAINT’s PE (63.8), highlighting premium valuation.
- Paints and coatings sector outlook remains robust with steady demand drivers.
Conclusion
ASIANPAINT is trending upward with bullish signals supported by RSI, MACD, and price action above both 50 DMA and 200 DMA. Entry near ₹2,620–₹2,650 offers favorable risk-reward, with exit targets around ₹2,700–₹2,750. Strong fundamentals support long-term stability, but premium valuation and reduced foreign participation suggest cautious optimism for fresh entries.
This can be extended into a paints sector breakout template with benchmarking overlays, so you can compare ASIANPAINT against peers like BERGERPAINTS and KANSAINER for relative strength.