Current technical analysis for Asian Paints (ASIANPAINT.NS) shows the stock is currently trading at ₹2530.50, with a +1.21% change from the previous close. The stock is currently in a Uptrend.
AI-Powered Market Prediction
This prediction is generated using artificial intelligence that combines technical indicators with machine learning models.
Market Direction: BEARISH
AI Confidence Score: 67%
Intelligent analysis combining multiple data sources for Asian Paints.
Analysis Confidence Factors:
- RSI overbought (70.2)
- Uptrend confirmed
Market Assessment:
- Direction: BEARISH
- Action: Consider short positions or stay in cash
- Risk Level: High
- Bullish Probability: 33%
- Bearish Probability: 67%
Price Targets:
- Target 1: ₹2511.19
- Target 2: ₹2491.89
- Stop Loss: ₹2543.37
- Risk/Reward Ratio: 1:1.5
AI-Optimized Intraday Levels
These levels are calculated using artificial intelligence that analyzes historical patterns and market behavior.
AI Buy Zone
₹2509.91 - ₹2522.78
AI-suggested accumulation zone | Stop Loss: ₹2499.61
AI Sell Zone
₹2538.22 - ₹2551.09
AI-suggested distribution zone | Stop Loss: ₹2561.39
AI-Generated Pivot Levels
| Level | Price | AI Recommendation |
|---|---|---|
| R3 | ₹2569.11 | Strong Sell (High probability reversal) |
| R2 | ₹2556.24 | Sell / Book Profits |
| R1 | ₹2543.37 | First Target / Partial Booking |
| Pivot | ₹2530.50 | Decision Point |
| S1 | ₹2517.63 | First Support / Buy on Dips |
| S2 | ₹2504.76 | Strong Buy |
| S3 | ₹2491.89 | Aggressive Buy (High probability bounce) |
Expected Market Movement
AI analysis indicates normal volatility with expected movement of ±1.02%.
Position sizing recommendation: Normal position sizing recommended.
Technical Overview
Current technical indicators show the following momentum signals:
- RSI (14): 70.17 - Currently overbought
- MACD: 0.0000 (Signal: 0.0000)
- Moving Averages: SMA-20: ₹2427.43, EMA-20: ₹2448.78
Support and Resistance Levels
Key price levels based on technical analysis:
Resistance Levels
- R1: ₹2581.11 (2.0% away)
- R2: ₹5162.22 (104.0% away)
- R3: ₹7743.33 (206.0% away)
Support Levels
- S1: ₹2461.20 (2.7% away)
- S2: ₹2409.10 (4.8% away)
Trend Analysis
The stock is currently showing a Uptrend pattern based on moving average analysis and price action.
Performance Metrics:
- 1-Day Change: +1.21%
- 5-Day Change: +0.96%
The uptrend suggests bullish momentum, with buyers currently in control.
Trading Signals
Based on unified analysis combining technical indicators and AI predictions:
- Moderate Sell Signal - 67% confidence
These signals represent a consolidated view eliminating contradictions between different analysis methods.
Conclusion
In summary, Asian Paints shows a BEARISH outlook with 67% confidence based on unified technical and AI analysis. The analysis shows moderate confidence in downward pressure. Consider short positions or stay in cash
Key takeaways from unified analysis:
- Market Direction: BEARISH (moderate confidence)
- Risk Level: High
- Primary Target: ₹2511.19
- Stop Loss: ₹2543.37
- Risk/Reward Ratio: 1:1.5
This analysis combines multiple indicators and AI predictions to provide a clear, non-conflicting view of the market. Always use proper risk management and never invest more than you can afford to lose.
Disclaimer: This analysis is automatically generated by Artificial Intelligence and should not be considered as investment advice. Always conduct your own research and consult with financial advisors before making investment decisions.