Is Asian Paints technically bullish or bearish?
As of June 23, 2025, Asian Paints exhibits a bearish technical trend with mixed momentum indicators, as the weekly MACD shows mild bullishness while the monthly MACD is bearish, and the stock is underperforming the Sensex.
As of 23 June 2025, the technical trend for Asian Paints has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. The weekly MACD indicates a mildly bullish signal, but the monthly MACD is bearish, suggesting a divergence in time frames. The RSI shows no signal on the weekly chart while being bullish on the monthly, indicating mixed momentum. The daily moving averages are bearish, reinforcing the negative outlook. Additionally, the Bollinger Bands and KST are bearish on both weekly and monthly time frames, and the OBV is bearish on a monthly basis. Overall, the bearish trend is supported by the recent price action, with the stock trading below its previous close and significantly underperforming the Sensex over multiple periods.
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