Overall Technical outlook

Price Summary

On 2026-02-02, Asian Paints Limited's stock opened at 2374.9, reached 2429.5, hit a low of 2372.0, and rose 1.14% to close at 2402.0, with 1183409 shares traded.
Over the previous 52 weeks, the stock reached a high of 2968.5 and a low of 2132.1.
Future price predictions suggest a range between 1875.0 and 3390.0, with an average expected price of 2783.1143, as per 35 analysts.

Technicals


Aroon: The continuation of Aroon's bearish trend, with Aroon Down remaining at 100, indicates sustained market weakness for Asian Paints Limited. To fully assess the implications of this trend, it should be examined in conjunction with other technical indicators.
ASIANPAINT aroon de1a3b
Aroon chart for Asian Paints Limited


Bol. Bands: The price has dropped below the lower Bollinger Band and has stayed there since the last move, indicating strong bearish momentum. This prolonged position below the band suggests that the market might be oversold, with continued downward pressure expected. The sustained stay in this area points to a potential continuation of the bearish trend unless a reversal occurs, making it a crucial point for market participants to consider for ASIANPAINT.
ASIANPAINT bbands de1a3b
Bolinger Bands chart for Asian Paints Limited


Parabolic SAR: The PSAR for ASIANPAINT continues to signal a bearish stance, reinforcing a resistance level that could restrict upward movement. This resistance suggests that the market may remain under bearish pressure, with limited potential for breaking higher.
ASIANPAINT psar de1a3b
Parabolic Stop and Reverse chart for Asian Paints Limited


Stochastic: The Stochastic K-line is positioned below the D-line and sits under 20, suggesting a mildly bearish scenario. This setup indicates that the market might face some downside pressure, though the bearish signal is not particularly strong. Investors should consider this as a cautious indicator and monitor for further developments.
ASIANPAINT stoch de1a3b
Stochastic chart for Asian Paints Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging.
ASIANPAINT trippleSMA de1a3b
Tripple SMA chart for Asian Paints Limited


A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.