Overview of Financial Markets Financial markets, from the name itself, are a type of marketplace that provides an avenue for the sale and purchase of assets such as bonds, stocks, foreign exchange, and derivatives. Often, they are called by different names, including “Wall Street” and “capital market,” but all of them still mean one and the same thing. Simply put, businesses and investors can go to financial markets to raise money to grow their business and to make more money, respectively.
Tchnical
ASIAN PAINTS LTDAs of May 21, 2025, Asian Paints Ltd. (NSE: ASIANPAINT) closed at ₹2,295.60, reflecting a 1.54% decline from the previous day. The stock is currently trading approximately 32% below its 52-week high of ₹3,394.00, reached on September 16, 2024.
📊 1-Day Support & Resistance Levels
Based on the Classic Pivot Point method, the following support and resistance levels have been identified:
Pivot Point: ₹2,311.57
Support Levels:
S1: ₹2,275.43
S2: ₹2,255.27
S3: ₹2,219.13
Resistance Levels:
R1: ₹2,331.73
R2: ₹2,367.87
R3: ₹2,388.03
📈 Technical Indicators
Relative Strength Index (RSI): 41.88 – Indicates neutral momentum.
Moving Average Convergence Divergence (MACD): -15.56 – Suggests bearish momentum.
Average Directional Index (ADX): 17.09 – Reflects a weak trend strength.
Rate of Change (ROC): -5.80 – Points to a declining price momentum.
Money Flow Index (MFI): 29.47 – Indicates potential oversold conditions.
Supertrend: ₹2,468.26 – The current price is below this level, signaling a bearish trend.
📉 Moving Averages
50-day Simple Moving Average (SMA): ₹2,342.83
100-day SMA: ₹2,304.44
200-day SMA: ₹2,614.84
The current price is below all these moving averages, indicating a bearish outlook.
🔍 Market Outlook
Asian Paints Ltd. is exhibiting bearish signals across multiple technical indicators. The stock's position below key moving averages and a declining RSI suggest continued downward pressure. Traders should monitor the support levels closely; a breach below S1 (₹2,275.43) could indicate further downside, while a move above R1 (₹2,331.73) might suggest a potential reversal.