Daily Analysis on

ASIANPAINT

Technical Analysis (Daily Chart Highlights) Strong Rally: Asian Paints surged 2.3% today, closing at ₹2,587.40—a notable buying wave. Momentum Signals: MACD shows bullish crossover with a rising histogram—momentum is strong. RSI reached 72—indicating overbought but still trending upward. Support & Resistance: Immediate support: ₹2,509 / ₹2,429 Near-term resistance: ₹2,603.60 breakout would strengthen bullish bias. Technical View As seen in the daily chart of Asian Paints, the stock has been consistently forming higher highs and higher lows, indicating a strong bullish structure. Today, the stock opened at ₹2550.00, made a low of ₹2537.10, a high of ₹2593.90, and finally closed at ₹2587.40, showcasing strong buying momentum. On the daily chart, Asian Paints is holding firmly above the ₹2500 support zone, which is acting as a strong base for the current uptrend. If the stock continues to sustain this rally, we may expect further upside in the medium term, with potential targets around ₹2650–₹2660.