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.
📊 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.
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WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Hello Guys ..
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
WhatsApp link- wa.link/d997q0
Email - techncialexpress@gmail.com ...
Script Coder/Trader//Investor from India. Drop a comment or DM if you have any questions! Let’s grow together!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.