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ASIANPAINT NEWS why is Asian Paints Limited price falling or rising

ASIANPAINT NEWS reasons for why stock price of Asian Paints Limited is falling or rising

ASIANPAINT Asian Paints is falling or rising technical reasons

Technical analysis forecast for Asian Paints Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Asian Paints ASIANPAINT at this time. Stock is falling and might fall more.

It appears as if Asian Paints ASIANPAINT gave a large move recently.

Stock of Asian Paints (ASIANPAINT) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

Although my analysis for Asian Paints is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2812.2, for a target of 2889 or 2952.97

ASIANPAINT Asian Paints is falling or rising NEWS fundamental reasons

Company Announcement - NEWS as on 2024-02-29

Asian Paints extends fall, down 7% in four days as competition flares up Concerns over increased competitive intensity due to Grasim#39;s foray into the paints sector has triggered a flurry of downgrades and cuts in price targets for Asian Paints. - NEWS as on 2024-02-28 moneycontrol.com

Asian Paints slumps on CLSA's sell rating "Birla Opus is the latest new entrant in the decorative paints market, promising an incremental 40% addition to industry capacity, with aggressive sales and dealer acquisition targets," said CLSA's analysts Aditya Soman and Vatsal Dujari in a client note. - NEWS as on 2024-02-27 indiatimes.com

Asian Paints drops after broker downgrade Asian Paints fell 3.86% to Rs 2869.50 after a foreign broker downgraded the stock to 'sell' from 'buy' citing rising competition. - NEWS as on 2024-02-26 business-standard.com

Company Announcement Asian Paints Limited has informed the Exchange regarding 'Intimation regarding submission of application to BSE Limited and National Stock Exchange of India Limited for reclassification of an entity forming part of the Promoter(s) Group category to the - NEWS as on 2024-02-16

Company Announcement Asian Paints Limited has informed the Exchange regarding Trading Plan pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 - NEWS as on 2024-02-14

More announcements and NEWS

ASIANPAINT Asian Paints Limited current price & indicator signals

Moving Averages for Asian Paints Limited

  • 5Day Average: 2866.04
  • 12Day Average: 2946.67
  • 20Day Average: 2946.62
  • 50Day Average: 3117.58
  • 100Day Average: 3123.15
  • 150Day Average: 3167.3
  • 200Day Average: 3197.52

ASIANPAINT Indicators & signals

Indicator MACD (12,26,9)

2915.85, 2977.8, -52.37
Indicator MACD is in negative zone

Indicator ADX (14)

61.07, 9.15, 37.84
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 35
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of ASIANPAINT Asian Paints Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Thu Feb 2024 2821.90 2776.75 to 2838.00 0.99% 1.43 times
28 Wed Feb 2024 2794.35 2785.50 to 2859.40 -2.28% 1.54 times
27 Tue Feb 2024 2859.55 2850.10 to 2870.00 -0.31% 0.81 times
26 Mon Feb 2024 2868.45 2847.80 to 2930.00 -3.94% 2.2 times
23 Fri Feb 2024 2985.95 2966.20 to 3005.00 -1.04% 1.03 times
22 Thu Feb 2024 3017.40 2932.10 to 3027.20 0.52% 1.63 times
21 Wed Feb 2024 3001.80 2983.50 to 3026.75 -0.33% 0.58 times
20 Tue Feb 2024 3011.65 2972.10 to 3017.10 0.45% 0.46 times
19 Mon Feb 2024 2998.10 2987.50 to 3018.70 -0.33% 0.35 times
16 Fri Feb 2024 3007.90 3000.00 to 3035.00 -0.29% 0.74 times
15 Thu Feb 2024 3016.55 2967.45 to 3024.50 1.35% 0.67 times
14 Wed Feb 2024 2976.40 2936.05 to 2980.80 0.16% 0.47 times

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