ASIANPAINT Delivery Buy ASIANPAINT Above 2386 Stop Loss 2250 Targets 2520-2660Community discussions
ASIANPAINT Delivery Buy ASIANPAINT Above 2386 Stop Loss 2250 Targets 2520-2660
ASIANPAINT NEW TRADE ALERT
SHORT #ASIANPAINT
ENTRY: 2270
SUPPORT (SL): 2350
RESISTANCE (TGT): 2245-2190-2130+++
Note: only for educational purposes
ASIANPAINT As 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.
ASIANPAINT Delivery Buy ASIANPAINT Above 2293 Stop Loss 2250 Targets 2360-2415
ASIANPAINT Seems Asian Paints should give some move in intraday
ASIANPAINT Delivery Buy ASIANPAINT Above 2305 Stop Loss 2250 Targets 2360-2415
ASIANPAINT Hypothetical Example Based on Asian Paints (ASIANPAINT):
Let’s assume that we're analyzing the stock chart for Asian Paints (as of the latest available data). Below are example levels based on a typical technical analysis approach. Keep in mind that this is a general method, and real-time data might differ.
Support Levels:
₹3,200 - ₹3,300 (Strong Support):
If Asian Paints has been bouncing off this level several times over the past few months or weeks, this could be a strong support zone.
A break below this level could indicate a bearish trend.
₹3,000 (Psychological Support):
Round numbers like ₹3,000 often act as psychological support levels.
Traders might expect buyers to step in if the stock falls towards this price.
₹2,800 (Previous Low):
Previous lows often act as significant support levels. If the price tested ₹2,800 previously and bounced higher, it might act as support again.
Resistance Levels:
₹3,600 - ₹3,700 (Previous High):
ASIANPAINT ASIANPAINT view for Intraday 12th Dec =
Resistance 535 Watching above 536 for upside movement ...
Support area 515 Below 530 ignoring upside momentum for intraday
Support 515 Watching below 514 or downside movement ...
Resistance area 535
Above 520 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
ASIANPAINT My view for Asian Paints
ASIANPAINT Asian Paints (ASIANPAINT), here are the key support and resistance levels based on recent data:Support Levels:
First Support: ₹3,241
Second Support: ₹3,200
Resistance Levels:
First Resistance: ₹3,297
Second Resistance: ₹3,402
