Current technical analysis for Asian Paints (ASIANPAINT.NS) shows the stock is currently trading at ₹2207.90, with a -0.50% change from the previous close. The stock is currently in a Downtrend.
AI-Powered Market Prediction
This prediction is generated using artificial intelligence that combines technical indicators with machine learning models.
Market Direction: BULLISH
AI Confidence Score: 67%
Intelligent analysis combining multiple data sources for Asian Paints.
Analysis Confidence Factors:
- RSI oversold (25.1)
- Downtrend confirmed
Market Assessment:
- Direction: BULLISH
- Action: Consider long positions near support levels
- Risk Level: High
- Bullish Probability: 67%
- Bearish Probability: 33%
Price Targets:
- Target 1: ₹2216.15
- Target 2: ₹2224.40
- Stop Loss: ₹2202.40
- 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
₹2199.10 - ₹2204.60
AI-suggested accumulation zone | Stop Loss: ₹2194.70
AI Sell Zone
₹2211.20 - ₹2216.70
AI-suggested distribution zone | Stop Loss: ₹2221.10
AI-Generated Pivot Levels
| Level | Price | AI Recommendation |
|---|---|---|
| R3 | ₹2224.40 | Strong Sell (High probability reversal) |
| R2 | ₹2218.90 | Sell / Book Profits |
| R1 | ₹2213.40 | First Target / Partial Booking |
| Pivot | ₹2207.90 | Decision Point |
| S1 | ₹2202.40 | First Support / Buy on Dips |
| S2 | ₹2196.90 | Strong Buy |
| S3 | ₹2191.40 | Aggressive Buy (High probability bounce) |
Expected Market Movement
AI analysis indicates low volatility with expected movement of ±0.50%.
Position sizing recommendation: Can use larger positions due to low volatility.
Technical Overview
Current technical indicators show the following momentum signals:
- RSI (14): 25.14 - Currently oversold
- MACD: 0.0000 (Signal: 0.0000)
- Moving Averages: SMA-20: ₹2284.19, EMA-20: ₹2274.34
Support and Resistance Levels
Key price levels based on technical analysis:
Resistance Levels
- R1: ₹2255.80 (2.2% away)
- R2: ₹2287.30 (3.6% away)
- R3: ₹2351.60 (6.5% away)
Support Levels
- S1: ₹6491.23 (-194.0% away)
- S2: ₹4327.48 (-96.0% away)
- S3: ₹2163.74 (2.0% away)
Trend Analysis
The stock is currently showing a Downtrend pattern based on moving average analysis and price action.
Performance Metrics:
- 1-Day Change: -0.50%
- 5-Day Change: -1.83%
The downtrend indicates bearish pressure, with sellers dominating the market.
Trading Signals
Based on unified analysis combining technical indicators and AI predictions:
- Moderate Buy Signal - 67% confidence
- Low volatility - Normal position sizing
These signals represent a consolidated view eliminating contradictions between different analysis methods.
Conclusion
In summary, Asian Paints shows a BULLISH outlook with 67% confidence based on unified technical and AI analysis. The analysis shows moderate confidence in upward movement. Consider long positions near support levels
Key takeaways from unified analysis:
- Market Direction: BULLISH (moderate confidence)
- Risk Level: High
- Primary Target: ₹2216.15
- Stop Loss: ₹2202.40
- 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.