Current technical analysis for Asian Paints (ASIANPAINT.NS) shows the stock is currently trading at ₹2589.90, with a +2.42% 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: 78%
Intelligent analysis combining multiple data sources for Asian Paints.
Analysis Confidence Factors:
- RSI overbought (78.2)
- Price above upper Bollinger Band
- Uptrend confirmed
Market Assessment:
- Direction: BEARISH
- Action: Consider short positions or stay in cash
- Risk Level: Moderate
- Bullish Probability: 22%
- Bearish Probability: 78%
Price Targets:
- Target 1: ₹2567.74
- Target 2: ₹2545.57
- Stop Loss: ₹2604.68
- 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
₹2566.26 - ₹2581.03
AI-suggested accumulation zone | Stop Loss: ₹2554.44
AI Sell Zone
₹2598.77 - ₹2613.54
AI-suggested distribution zone | Stop Loss: ₹2625.36
AI-Generated Pivot Levels
| Level | Price | AI Recommendation |
|---|---|---|
| R3 | ₹2634.23 | Strong Sell (High probability reversal) |
| R2 | ₹2619.45 | Sell / Book Profits |
| R1 | ₹2604.68 | First Target / Partial Booking |
| Pivot | ₹2589.90 | Decision Point |
| S1 | ₹2575.12 | First Support / Buy on Dips |
| S2 | ₹2560.35 | Strong Buy |
| S3 | ₹2545.57 | Aggressive Buy (High probability bounce) |
Expected Market Movement
AI analysis indicates normal volatility with expected movement of ±1.14%.
Position sizing recommendation: Normal position sizing recommended.
Technical Overview
Current technical indicators show the following momentum signals:
- RSI (14): 78.17 - Currently overbought
- MACD: 0.0000 (Signal: 0.0000)
- Moving Averages: SMA-20: ₹2437.72, EMA-20: ₹2459.52
Support and Resistance Levels
Key price levels based on technical analysis:
Resistance Levels
- R1: ₹2641.70 (2.0% away)
- R2: ₹5283.40 (104.0% away)
- R3: ₹7925.09 (206.0% away)
Support Levels
- S1: ₹2461.20 (5.0% away)
- S2: ₹2409.10 (7.0% away)
Trend Analysis
The stock is currently showing a Uptrend pattern based on moving average analysis and price action.
Performance Metrics:
- 1-Day Change: +2.42%
- 5-Day Change: +4.62%
The uptrend suggests bullish momentum, with buyers currently in control.
Trading Signals
Based on unified analysis combining technical indicators and AI predictions:
- Strong Sell Signal - 78% confidence
- Exit near ₹2641.70
These signals represent a consolidated view eliminating contradictions between different analysis methods.
Conclusion
In summary, Asian Paints shows a BEARISH outlook with 78% confidence based on unified technical and AI analysis. The analysis shows high confidence in downward pressure. Consider short positions or stay in cash
Key takeaways from unified analysis:
- Market Direction: BEARISH (high confidence)
- Risk Level: Moderate
- Primary Target: ₹2567.74
- Stop Loss: ₹2604.68
- 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.