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Technicals for Asian Paints Limited
By MusingTheNews
2025-09-04 20:22
Overall Technical outlook
Price Summary
On 2025-09-03, Asian Paints Limited's stock began at 2530.0, climbed to 2565.1, dropped to 2527.3, and had 0.94% to end at 2553.9, with a volume of 925703 shares. In the past year, the highest stock price was 3383.25, and the lowest was 2132.1. ASIANPAINT's future price is expected to lie between 1909.0 and 2935.0, with an average expectation of 2420.9714, as per the recommendations of 35 analysts.
Technicals
Support and Resistance: The current price of 2553.9 is supported at 2467.9, with resistance at 2570.2. This suggests that the price for ASIANPAINT might remain between these levels, where 2467.9 acts as a floor and 2570.2 as a ceiling in the market. Support/Resistance for ASIANPAINT
Aroon: The current reading of the AROON indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Aroon chart for Asian Paints Limited
Bol. Bands: The current state of the BOLL BANDS is neutral for ASIANPAINT, providing no clear indication of a trend in either direction. This suggests that the market may be lacking momentum, making it difficult to predict future movements. Bolinger Bands chart for Asian Paints Limited
Parabolic SAR: The PSAR remains bullish, setting a critical support level that may help sustain the market's upward trend. This persistent bullish outlook suggests that the market is likely to continue climbing, with the support level offering a foundation for further growth. Parabolic Stop and Reverse chart for Asian Paints Limited
Stochastic: The STOCHASTIC is showing a neutral stance, not indicating a clear upward or downward trend for Asian Paints Limited. This suggests a period of market balance, where neither side is showing dominance. Stochastic chart for Asian Paints Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish formation, suggesting a downtrend. However, the slopes of the 20 and 50 SMAs are beginning to waver, indicating that the bearish momentum may be losing strength. This weakening could signal a potential shift towards bullish price action, as the market's current downward trajectory shows signs of faltering and a possible reversal may be near for ASIANPAINT. Tripple SMA chart for Asian Paints Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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