Asian Paints Ltd.
Long

ASIANPAINT 1 Day View

178
📈 Current Price & Trading Range

Current Price: ₹2,357.70

Day’s Range: ₹2,337.00 – ₹2,366.60

Previous Close: ₹2,340.20

52-Week Range: ₹2,124.75 – ₹3,103.55

📊 Technical Indicators

RSI (14-day): 38.17 — indicating a neutral to bearish condition.

MACD: -41.59 — suggesting bearish momentum.

Stochastic RSI: 10.76 — points to an oversold condition, possibly signaling a reversal.

Rate of Change (ROC): -1.93 — reflects downward momentum.

Commodity Channel Index (CCI): -1.93 — supports the bearish outlook.

Average Directional Index (ADX): 32.54 — indicates a strong trend, confirming the downtrend.

Parabolic SAR: ₹2,320 — suggests a bearish trend continuation.

Supertrend: ₹2,444 — aligns with the bearish trend.

📌 Summary

Asian Paints Ltd. is currently in a bearish phase on the 1-day timeframe. Key support at ₹2,320 is crucial; a breach could lead to further declines. Conversely, a rebound above ₹2,463.98 might indicate a potential trend reversal.

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